Lancashire (LON:LRE) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Lancashire Holdings Limited (LON:LRE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 628.58 ($8.16) and traded as high as GBX 652 ($8.47). Lancashire shares last traded at GBX 652 ($8.47), with a volume of 191,313 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 800 ($10.39) target price on shares of Lancashire in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 781 ($10.14).

Lancashire Stock Performance

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 company has a market capitalization of £1.57 billion, a price-to-earnings ratio of 576.99, a P/E/G ratio of 0.21 and a beta of 0.62. The business's 50-day simple moving average is GBX 667.47 and its 200-day simple moving average is GBX 628.84.

Lancashire Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a yield of 0.98%. Lancashire's payout ratio is presently 1,592.92%.

Insider Activity at Lancashire

In other news, insider Michael George Dawson purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of GBX 610 ($7.92) per share, for a total transaction of £61,000 ($79,200.21). 0.64% of the stock is currently owned by corporate 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.