Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Acquires 18,000 Shares of Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey bought 18,000 shares of Conduit stock in a transaction dated Friday, May 17th. The stock was acquired at an average price of GBX 524 ($6.58) per share, for a total transaction of £94,320 ($118,462.70).

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

• On Wednesday, April 10th, Trevor Carvey purchased 2,013 shares of Conduit stock. The stock was acquired at an average cost of GBX 496 ($6.23) per share, with a total value of £9,984.48 ($12,540.17).
• On Monday, March 25th, Trevor Carvey acquired 9,000 shares of Conduit stock. The shares were bought at an average cost of GBX 504 ($6.33) per share, for a total transaction of £45,360 ($56,970.61).

Conduit Trading Up 0.2 %

CRE stock opened at GBX 527 ($6.62) on Friday. Conduit Holdings Limited has a twelve month low of GBX 428.32 ($5.38) and a twelve month high of GBX 533 ($6.69). The stock has a market capitalization of £827.28 million, a price-to-earnings ratio of 554.74 and a beta of 0.48. The company has a quick ratio of 1.19, a current ratio of 0.59 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is GBX 497.53 and its two-hundred day simple moving average is GBX 480.08.

Conduit Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, March 21st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 3.06%. Conduit’s payout ratio is 3,052.63%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their target price on Conduit from GBX 695 ($8.73) to GBX 700 ($8.79) and gave the stock a “buy” rating in a report on Wednesday.

About Conduit

Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.