Lancashire Holdings Limited (LON:LRE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 635 ($8.17) and traded as high as GBX 679 ($8.74). Lancashire shares last traded at GBX 662 ($8.52), with a volume of 691,147 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 800 ($10.29) price objective 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 781 ($10.05).
View Our Latest Stock Report on Lancashire
Lancashire Price Performance
The business's 50-day simple moving average is GBX 663.46 and its two-hundred day simple moving average is GBX 635.54. The company has a quick ratio of 1.18, a current ratio of 25.01 and a debt-to-equity ratio of 30.12. The stock has a market cap of £1.46 billion, a P/E ratio of 537.31, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62.
Lancashire Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Lancashire's previous dividend of $0.08. This represents a dividend yield of 9.18%. Lancashire's payout ratio is 1,592.92%.
About Lancashire
(
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.
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