Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 800 ($10.45) price objective on shares of Lancashire in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 781 ($10.20).
Get Our Latest Stock Report on Lancashire
The business's 50 day moving average is GBX 661.77 and its 200-day moving average is GBX 627.09. The company has a debt-to-equity ratio of 30.12, a current ratio of 25.01 and a quick ratio of 1.18. The company has a market cap of £1.59 billion, a PE ratio of 597.30, a P/E/G ratio of 0.21 and a beta of 0.62.
The company also recently announced a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 0.98%. Lancashire's payout ratio is currently 1,621.62%.
In other Lancashire news, insider Michael George Dawson bought 10,000 shares of the firm's 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 owned by insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Lancashire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lancashire wasn't on the list.
While Lancashire currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.