Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) traded up 1.4% during trading on Thursday . The stock traded as high as GBX 673 ($8.58) and last traded at GBX 669 ($8.53). 407,605 shares were traded during trading, a decline of 44% from the average session volume of 731,390 shares. The stock had previously closed at GBX 660 ($8.41).
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 800 ($10.20) target price on shares of Lancashire in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 781 ($9.96).
Read Our Latest Report on LRE
Lancashire Trading Down 1.5 %
The business has a 50 day moving average price of GBX 646.23 and a 200 day moving average price of GBX 637.76. 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 company has a market capitalization of £1.58 billion, a P/E ratio of 583.19, a PEG 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. Investors of record on Thursday, November 14th will be paid a dividend of $0.75 per share. This represents a yield of 9.18%. This is a boost from Lancashire's previous dividend of $0.08. The ex-dividend date is Thursday, November 14th. Lancashire's dividend payout ratio is presently 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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