Morgan Stanley Reiterates “Underweight” Rating for Lancashire (LON:LRE)

Morgan Stanley reissued their underweight rating on shares of Lancashire (LON:LREGet Rating) in a report released on Thursday, Marketbeat reports.

A number of other research analysts have also recently commented on the company. Berenberg Bank restated a buy rating and set a GBX 760 ($9.90) price target on shares of Lancashire in a research note on Tuesday, March 29th. Barclays reissued an overweight rating and issued a GBX 781 ($10.18) target price on shares of Lancashire in a report on Friday, March 11th. Finally, Royal Bank of Canada restated an outperform rating and issued a GBX 575 ($7.49) price objective on shares of Lancashire in a research note on Friday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Lancashire presently has a consensus rating of Buy and a consensus price target of GBX 658.38 ($8.58).

LRE opened at GBX 418.20 ($5.45) on Thursday. Lancashire has a one year low of GBX 342.40 ($4.46) and a one year high of GBX 725 ($9.45). The stock has a market capitalization of £1.02 billion and a PE ratio of -21.02. The business’s 50 day moving average price is GBX 439.59 and its 200 day moving average price is GBX 499.23. The company has a debt-to-equity ratio of 32.81, a quick ratio of 0.73 and a current ratio of 1.25.

The firm also recently announced a dividend, which will be paid on Friday, June 10th. Stockholders of record on Thursday, May 12th will be paid a dividend of $0.10 per share. This is an increase from Lancashire’s previous dividend of $0.05. The ex-dividend date of this dividend is Thursday, May 12th. This represents a dividend yield of 1.36%. Lancashire’s dividend payout ratio is -0.78%.

In related news, insider Natalie Kershaw purchased 12,438 shares of Lancashire stock in a transaction dated Monday, March 14th. The stock was bought at an average cost of GBX 402 ($5.24) per share, for a total transaction of £50,000.76 ($65,156.06). Also, insider Alex Maloney sold 86,673 shares of Lancashire stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of GBX 499 ($6.50), for a total transaction of £432,498.27 ($563,589.09).

About Lancashire (Get Rating)

Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.

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