Lancashire (LON:LRE) Shares Pass Above 200 Day Moving Average – Should You Sell?

Lancashire Holdings Limited (LON:LRE)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 645.56 ($7.98) and traded as high as GBX 652 ($8.06). Lancashire shares last traded at GBX 647 ($8.00), with a volume of 1,100,096 shares trading hands.

Lancashire Trading Down 1.4 %

The stock’s 50 day simple moving average is GBX 650.11 and its 200 day simple moving average is GBX 645.56. The firm has a market cap of £1.55 billion, a PE ratio of 572.57, a PEG ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 30.12, a quick ratio of 1.18 and a current ratio of 25.01.

Lancashire Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 14th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Lancashire’s previous dividend of $0.08. This represents a yield of 9.18%. Lancashire’s payout ratio is 1,592.92%.

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.