Shares of Lancashire Holdings Limited (LON:LRE – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 701 ($9.26) and last traded at GBX 701 ($9.26), with a volume of 1199658 shares changing hands. The stock had previously closed at GBX 690 ($9.11).
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 800 ($10.57) price target on shares of Lancashire in a research report on Friday, August 9th. Jefferies Financial Group restated a “buy” rating and set a GBX 740 ($9.78) target price on shares of Lancashire in a research report on Wednesday, May 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 781 ($10.32).
Read Our Latest Research Report on Lancashire
Lancashire Stock Performance
Lancashire Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 0.98%. Lancashire’s dividend payout ratio (DPR) is presently 1,607.14%.
Insider Activity at Lancashire
In other news, insider Michael George Dawson acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of GBX 610 ($8.06) per share, with a total value of £61,000 ($80,581.24). 0.64% of the stock is currently owned by insiders.
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.
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