Lancashire Holdings Limited (LON:LRE - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 627.09 ($8.19) and traded as high as GBX 663 ($8.66). Lancashire shares last traded at GBX 663 ($8.66), with a volume of 144,564 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 800 ($10.45) target price on shares of Lancashire in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 781 ($10.20).
Check Out Our Latest Analysis on Lancashire
Lancashire Trading Up 0.6 %
The company has a debt-to-equity ratio of 30.12, a quick ratio of 1.18 and a current ratio of 25.01. The stock has a fifty day moving average of GBX 661.77 and a 200-day moving average of GBX 627.09. The company has a market cap of £1.60 billion, a PE ratio of 596.40, a PEG ratio of 0.21 and a beta of 0.62.
Lancashire Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 15th were issued a $0.08 dividend. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, August 15th. Lancashire's payout ratio is presently 1,621.62%.
Insider Buying and Selling
In other news, insider Michael George Dawson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of GBX 610 ($7.97) per share, for a total transaction of £61,000 ($79,655.26). 0.64% of the stock is currently owned by insiders.
Lancashire Company Profile
(
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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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