Lancashire (LON:LRE) Hits New 1-Year High at $701.00

Lancashire Holdings Limited (LON:LRE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 701 ($9.26) and last traded at GBX 701 ($9.26), with a volume of 1199658 shares traded. The stock had previously closed at GBX 690 ($9.11).

Analysts Set New Price Targets

Several research firms have weighed in on LRE. Berenberg Bank restated a “buy” rating and issued a GBX 800 ($10.57) price objective on shares of Lancashire in a research report on Friday, August 9th. Jefferies Financial Group reissued a “buy” rating and set a GBX 740 ($9.78) price target on shares of Lancashire in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Lancashire currently has a consensus rating of “Moderate Buy” and an average target price of GBX 781 ($10.32).

Lancashire Price Performance

The company has a current ratio of 25.01, a quick ratio of 1.18 and a debt-to-equity ratio of 30.12. The stock has a market capitalization of £1.70 billion, a P/E ratio of 623.21, a PEG ratio of 0.21 and a beta of 0.62. The company has a fifty day simple moving average of GBX 642.87 and a two-hundred day simple moving average of GBX 623.69.

Lancashire Cuts Dividend

The firm also recently declared 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. This represents a dividend yield of 0.98%. The ex-dividend date was Thursday, August 15th. Lancashire’s dividend payout ratio (DPR) is 1,607.14%.

Insider Activity at Lancashire

In other Lancashire news, insider Michael George Dawson bought 10,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of GBX 610 ($8.06) per share, for a total transaction of £61,000 ($80,581.24). 0.64% of the stock is currently owned by company insiders.

About Lancashire

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.