Conduit Holdings Limited (LON:CRE) Insider Purchases 58,500 Shares

Conduit Holdings Limited (LON:CRE - Get Free Report) insider Elaine Whelan purchased 58,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of GBX 341 ($4.36) per share, for a total transaction of £199,485 ($254,900.33).

Conduit Stock Performance

LON CRE traded down GBX 10 ($0.13) on Wednesday, reaching GBX 328.50 ($4.20). 276,453 shares of the company's stock traded hands, compared to its average volume of 1,119,145. The firm has a market cap of £660.44 million, a price-to-earnings ratio of 3.10 and a beta of 0.52. Conduit Holdings Limited has a fifty-two week low of GBX 310.50 ($3.97) and a fifty-two week high of GBX 549.74 ($7.02). The stock has a 50 day moving average price of GBX 392.43 and a 200-day moving average price of GBX 457.66.

Conduit Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 3.54%. Conduit's payout ratio is 26.41%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 700 ($8.94) target price on shares of Conduit in a research note on Monday, March 31st.

Conduit Company Profile

Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.