Lancashire Holdings Limited (LON:LRE - Get Free Report)'s stock price traded down 8.2% during trading on Monday . The stock traded as low as GBX 621 ($8.13) and last traded at GBX 628 ($8.22). 575,550 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 755,950 shares. The stock had previously closed at GBX 684 ($8.95).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 800 ($10.47) target price 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 issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 781 ($10.22).
Check Out Our Latest Research Report on Lancashire
Lancashire Price Performance
The company's 50-day simple moving average is GBX 660.29 and its 200 day simple moving average is GBX 627.02. The company has a market cap of £1.51 billion, a PE ratio of 565.77, a PEG 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 declared a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, August 15th. This represents a yield of 0.98%. Lancashire's dividend payout ratio is currently 1,621.62%.
Insider Buying and Selling
In related news, insider Michael George Dawson acquired 10,000 shares of the business's stock in a transaction on Thursday, August 8th. The shares were bought at an average price of GBX 610 ($7.98) per share, with a total value of £61,000 ($79,832.48). Insiders own 0.64% of the company's stock.
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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