Conduit Holdings Limited (LON:CRE) Insider Buys £116,174.24 in Stock

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert acquired 31,916 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of GBX 364 ($4.71) per share, for a total transaction of £116,174.24 ($150,406.84).

Conduit Stock Performance

LON:CRE opened at GBX 354.50 ($4.59) on Friday. The stock has a market cap of £712.71 million, a price-to-earnings ratio of 3.34 and a beta of 0.52. Conduit Holdings Limited has a one year low of GBX 347 ($4.49) and a one year high of GBX 549.74 ($7.12). The business’s 50-day simple moving average is GBX 413.73 and its 200 day simple moving average is GBX 470.23.

Conduit Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th will be given a $0.18 dividend. This represents a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Conduit’s payout ratio is 26.41%.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 ($9.06) price target on shares of Conduit in a report on Wednesday, February 12th.

Conduit Company Profile

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.