Lancashire Holdings Limited (LON:LRE – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 630.31 ($8.17) and traded as high as GBX 653 ($8.47). Lancashire shares last traded at GBX 638 ($8.27), with a volume of 775,127 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.37) price objective on shares of Lancashire in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 781 ($10.13).
View Our Latest Analysis on LRE
Lancashire Trading Down 0.3 %
Lancashire Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were paid a $0.08 dividend. This represents a yield of 0.98%. The ex-dividend date was Thursday, August 15th. Lancashire’s dividend payout ratio is currently 1,592.92%.
Insider Transactions at Lancashire
In other Lancashire news, insider Michael George Dawson purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average cost of GBX 610 ($7.91) per share, with a total value of £61,000 ($79,107.77). Company insiders own 0.64% of the company’s stock.
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.
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