Lancashire (LON:LRE) Shares Pass Above 200-Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 620.36 and traded as high as GBX 657. Lancashire shares last traded at GBX 649.45, with a volume of 227,579 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 698 target price on shares of Lancashire in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 675.17.

Lancashire Stock Down 0.5%

The company has a current ratio of 711.51, a quick ratio of 1.18 and a debt-to-equity ratio of 31.62. The stock has a 50 day simple moving average of GBX 634.51 and a 200 day simple moving average of GBX 620.36. The firm has a market capitalization of £1.58 billion, a PE ratio of 5.55, a PEG ratio of 0.21 and a beta of 0.46.

Insider Activity

In other news, insider Philip Broadley bought 4,225 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 566 per share, for a total transaction of £23,913.50. Corporate insiders own 5.32% of the company’s stock.

Lancashire Company Profile

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.