Lancashire Holdings Limited (LON:LRE – Get Free Report)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 628.58 ($8.16) and traded as high as GBX 652 ($8.47). Lancashire shares last traded at GBX 652 ($8.47), with a volume of 191,313 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.39) price target 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 781 ($10.14).
Check Out Our Latest Research Report on LRE
Lancashire Stock Performance
Lancashire Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 0.98%. Lancashire’s dividend payout ratio is presently 1,592.92%.
Insider Transactions at Lancashire
In other Lancashire news, insider Michael George Dawson acquired 10,000 shares of Lancashire stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of GBX 610 ($7.92) per share, for a total transaction of £61,000 ($79,200.21). Insiders own 0.64% of the company’s stock.
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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