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.
Analysts Set New Price Targets
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
Lancashire Stock Up 1.5 %
Lancashire Cuts Dividend
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%.
Insider Buying and Selling at Lancashire
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 Company Profile
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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