Conduit Holdings Limited (LON:CRE) Insider Trevor Carvey Acquires 70,000 Shares

Conduit Holdings Limited (LON:CRE - Get Free Report) insider Trevor Carvey bought 70,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was bought at an average cost of GBX 340 ($4.38) per share, with a total value of £238,000 ($306,898.77).

Trevor Carvey also recently made the following trade(s):

• On Friday, February 21st, Trevor Carvey purchased 10,000 shares of Conduit stock. The shares were purchased at an average cost of GBX 384 ($4.95) per share, for a total transaction of £38,400 ($49,516.44).

Conduit Trading Down 3.1 %

CRE stock traded down GBX 10.50 ($0.14) during mid-day trading on Friday, hitting GBX 329.50 ($4.25). 8,283,344 shares of the company were exchanged, compared to its average volume of 1,082,886. The company has a market capitalization of £662.45 million, a PE ratio of 3.11 and a beta of 0.52. The firm has a fifty day simple moving average of GBX 399.53 and a 200 day simple moving average of GBX 462.52. Conduit Holdings Limited has a twelve month low of GBX 316 ($4.07) and a twelve month high of GBX 549.74 ($7.09).

Conduit Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.18 per share. This represents a yield of 3.54%. The ex-dividend date is Thursday, March 20th. Conduit's payout ratio is currently 26.41%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 700 ($9.03) price target on shares of Conduit in a research note on Monday, March 31st.

Conduit Company Profile

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.