Conduit Holdings Limited (LON:CRE) Insider Trevor Carvey Buys 70,000 Shares

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey acquired 70,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were bought at an average cost of GBX 340 ($4.40) per share, with a total value of £238,000 ($307,692.31).

Trevor Carvey also recently made the following trade(s):

• On Friday, February 21st, Trevor Carvey bought 10,000 shares of Conduit stock. The stock was purchased at an average cost of GBX 384 ($4.96) per share, for a total transaction of £38,400 ($49,644.47).

Conduit Stock Performance

LON:CRE opened at GBX 345 ($4.46) on Wednesday. Conduit Holdings Limited has a 1 year low of GBX 316 ($4.09) and a 1 year high of GBX 549.74 ($7.11). The stock has a market cap of £693.61 million, a P/E ratio of 3.25 and a beta of 0.52. The stock has a 50-day simple moving average of GBX 406.86 and a 200-day simple moving average of GBX 466.19.

Conduit Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 20th will be issued a $0.18 dividend. This represents a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Conduit’s dividend payout ratio (DPR) is 26.41%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($9.05) price objective on shares of Conduit in a research report on Monday.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.