Lancashire (LON:LRE) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Lancashire Holdings Limited (LON:LRE)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 619.55 and traded as high as GBX 644. Lancashire shares last traded at GBX 642, with a volume of 122,557 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Berenberg Bank boosted their price target on shares of Lancashire from GBX 670 to GBX 700 and gave the company a “hold” rating in a report on Wednesday, November 5th. Citigroup upped their price target on shares of Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada increased their price objective on shares of Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 645 target price on shares of Lancashire in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 686.20.

Lancashire Stock Up 1.1%

The stock has a market cap of £1.55 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26. The stock’s 50-day moving average is GBX 618.40 and its 200-day moving average is GBX 619.55.

Insider Activity at Lancashire

In other news, insider Philip Broadley bought 5,580 shares of the business’s stock in a transaction on Friday, December 12th. The stock was purchased at an average cost of GBX 594 per share, for a total transaction of £33,145.20. Also, insider Bob Cox purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of GBX 582 per share, with a total value of £11,640. Company insiders own 4.61% of the company’s stock.

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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.