Lancashire Holdings Limited (LON:LRE - Get Free Report) announced a dividend on Wednesday, November 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given a dividend of $0.75 per share on Friday, December 13th. This represents a dividend yield of 9.18%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Lancashire's previous dividend of $0.08. The official announcement can be viewed at this link.
Lancashire Trading Up 6.5 %
Lancashire stock traded up GBX 41 ($0.53) during mid-day trading on Wednesday, hitting GBX 670 ($8.72). The company's stock had a trading volume of 962,506 shares, compared to its average volume of 737,077. Lancashire has a 1 year low of GBX 559 ($7.28) and a 1 year high of GBX 721 ($9.39). The company has a current ratio of 25.01, a quick ratio of 1.18 and a debt-to-equity ratio of 30.12. The firm has a market capitalization of £1.61 billion, a PE ratio of 597.35, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The stock's fifty day moving average is GBX 663.52 and its two-hundred day moving average is GBX 631.69.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 800 ($10.41) target price on shares of Lancashire in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 781 ($10.17).
Get Our Latest Stock Analysis on LRE
Insider Activity
In other news, insider Michael George Dawson purchased 10,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of GBX 610 ($7.94) per share, for a total transaction of £61,000 ($79,406.40). Company insiders own 0.64% of the company's stock.
Lancashire Company Profile
(
Get Free Report)
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, Australia, and the United States. The company operates through two segments, Reinsurance and Insurance. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.
See Also
Before you consider Lancashire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lancashire wasn't on the list.
While Lancashire currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
