Lancashire Holdings Limited (LON:LRE – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 738.33 ($9.40).
A number of brokerages recently issued reports on LRE. Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.18) price target on shares of Lancashire in a research note on Friday, March 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 750 ($9.55) price objective on shares of Lancashire in a research report on Thursday, March 7th.
Check Out Our Latest Stock Report on Lancashire
Lancashire Trading Down 0.2 %
Lancashire Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 5.86%. Lancashire’s dividend payout ratio is currently 1,553.40%.
Lancashire Company Profile
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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