Lancashire (LON:LRE) Shares Pass Above 200 Day Moving Average of $427.08

Lancashire Holdings Limited (LON:LREGet Rating)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 427.08 ($5.23) and traded as high as GBX 448.60 ($5.50). Lancashire shares last traded at GBX 445.40 ($5.46), with a volume of 240,543 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LRE. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 620 ($7.60) price objective on shares of Lancashire in a research report on Thursday, July 28th. Royal Bank of Canada upped their target price on shares of Lancashire from GBX 525 ($6.43) to GBX 550 ($6.74) and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Barclays upped their target price on shares of Lancashire from GBX 482 ($5.91) to GBX 487 ($5.97) and gave the stock an “equal weight” rating in a research note on Wednesday, July 6th. Morgan Stanley restated an “underweight” rating on shares of Lancashire in a research note on Tuesday, April 26th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($8.58) target price on shares of Lancashire in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Lancashire presently has an average rating of “Moderate Buy” and a consensus target price of GBX 574.43 ($7.04).

Lancashire Price Performance

The firm has a market capitalization of £1.09 billion and a PE ratio of -21.01. The company has a debt-to-equity ratio of 33.57, a quick ratio of 1.18 and a current ratio of 1.75. The stock has a fifty day moving average price of GBX 400.59 and a 200-day moving average price of GBX 427.08.

Lancashire Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, August 4th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 4th. This represents a yield of 0.96%. Lancashire’s dividend payout ratio (DPR) is presently -0.75%.

Insider Buying and Selling at Lancashire

In other news, insider Natalie Kershaw bought 12,644 shares of the stock in a transaction on Monday, May 9th. The stock was bought at an average cost of GBX 395 ($4.84) per share, for a total transaction of £49,943.80 ($61,198.14).

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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