Lancashire (LON:LRE) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 645.56 ($7.98) and traded as high as GBX 652 ($8.06). Lancashire shares last traded at GBX 647 ($8.00), with a volume of 1,100,096 shares changing hands.

Lancashire Price Performance

The firm has a market cap of £1.55 billion, a PE ratio of 572.57, a P/E/G ratio of 0.21 and a beta of 0.62. 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 business’s fifty day moving average is GBX 650.11 and its 200-day moving average is GBX 645.56.

Lancashire Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.75 per share. This represents a yield of 9.18%. This is a positive change from Lancashire’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, November 14th. Lancashire’s dividend payout ratio is 1,592.92%.

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.