Lancashire Holdings Limited (LON:LRE - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 627.02 ($8.39) and traded as high as GBX 687 ($9.19). Lancashire shares last traded at GBX 684 ($9.15), with a volume of 866,687 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 800 ($10.70) price objective on shares of Lancashire in a research note 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 781 ($10.45).
View Our Latest Stock Report on Lancashire
Lancashire Stock Performance
The business has a 50-day moving average of GBX 660.29 and a two-hundred day moving average of GBX 627.02. 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 cap of £1.64 billion, a P/E ratio of 616.22, a P/E/G ratio of 0.21 and a beta of 0.62.
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 dividend of $0.08 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 0.98%. Lancashire's dividend payout ratio (DPR) is presently 1,621.62%.
Insider Activity at Lancashire
In other Lancashire news, insider Michael George Dawson bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of GBX 610 ($8.16) per share, for a total transaction of £61,000 ($81,594.44). 0.64% of the stock is currently owned by corporate insiders.
About Lancashire
(
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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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