Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 630.31 ($8.17) and traded as high as GBX 653 ($8.47). Lancashire shares last traded at GBX 638 ($8.27), with a volume of 775,127 shares.
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a "buy" rating and set a GBX 800 ($10.37) target price on shares of Lancashire in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lancashire presently has an average rating of "Moderate Buy" and an average target price of GBX 781 ($10.13).
View Our Latest Stock Analysis on LRE
Lancashire Stock Performance
The firm's 50 day moving average price is GBX 666.40 and its 200-day moving average price is GBX 630.31. The firm has a market capitalization of £1.51 billion, a PE ratio of 557.52, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 30.12, a quick ratio of 1.18 and a current ratio of 25.01.
Lancashire Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were given a $0.08 dividend. This represents a yield of 0.98%. The ex-dividend date of this dividend was Thursday, August 15th. Lancashire's dividend payout ratio is currently 1,592.92%.
Insiders Place Their Bets
In other news, insider Michael George Dawson acquired 10,000 shares of Lancashire stock in a transaction on Thursday, August 8th. The stock was bought at an average price of GBX 610 ($7.91) per share, for a total transaction of £61,000 ($79,107.77). 0.64% of the stock is owned by company 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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