Lancashire (LON:LRE) Stock Price Crosses Above 200 Day Moving Average of $624.72

Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 624.72 ($8.37) and traded as high as GBX 702 ($9.40). Lancashire shares last traded at GBX 698 ($9.35), with a volume of 251,488 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 800 ($10.71) price target on shares of Lancashire in a research note on Friday, August 9th. Two equities 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.com, Lancashire currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 781 ($10.46).

Lancashire Stock Up 0.1 %

The company has a debt-to-equity ratio of 30.12, a current ratio of 25.01 and a quick ratio of 1.18. The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 622.32, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The firm's 50-day simple moving average is GBX 652.13 and its two-hundred day simple moving average is GBX 625.13.

Lancashire Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 15th were paid a $0.08 dividend. This represents a yield of 0.98%. The ex-dividend date of this dividend was Thursday, August 15th. Lancashire's payout ratio is currently 1,607.14%.

Insiders Place Their Bets

In other Lancashire news, insider Michael George Dawson bought 10,000 shares of the business's stock in a transaction on Thursday, August 8th. The stock was bought at an average price of GBX 610 ($8.17) per share, for a total transaction of £61,000 ($81,681.84). 0.64% of the stock is owned by company insiders.

Lancashire Company Profile

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.