JPMorgan Chase & Co. Reaffirms Neutral Rating for Lancashire (LON:LRE)

Lancashire (LON:LRE)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, MarketBeat.com reports.

LRE has been the subject of a number of other reports. Citigroup dropped their price target on shares of Lancashire from GBX 709 ($9.52) to GBX 656 ($8.81) and set a “buy” rating for the company in a research report on Thursday, July 10th. Berenberg Bank assumed coverage on shares of Lancashire in a research report on Thursday, May 29th. They issued a “hold” rating and a GBX 670 ($8.99) price target for the company.

Lancashire Stock Up 0.6%

Lancashire stock opened at GBX 626 ($8.40) on Friday. Lancashire has a twelve month low of GBX 505 ($6.78) and a twelve month high of GBX 721 ($9.68). The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. The stock has a market capitalization of £1.89 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a 50 day moving average of GBX 590.59 and a 200-day moving average of GBX 596.41.

Insider Buying and Selling at Lancashire

In other Lancashire news, insider Sally Williams acquired 868 shares of Lancashire stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average price of GBX 575 ($7.72) per share, with a total value of £4,991 ($6,699.33). Also, insider Philip Broadley acquired 1,800 shares of Lancashire stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of GBX 583 ($7.83) per share, for a total transaction of £10,494 ($14,085.91). 0.64% of the stock is currently owned by corporate insiders.

About Lancashire

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.