Lancashire (LON:LRE) Share Price Passes Above 200-Day Moving Average of $615.14

Lancashire Holdings Limited (LON:LRE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 615.14 ($7.73) and traded as high as GBX 616 ($7.74). Lancashire shares last traded at GBX 604 ($7.59), with a volume of 418,182 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LRE. Barclays decreased their target price on shares of Lancashire from GBX 800 ($10.05) to GBX 790 ($9.92) and set an “equal weight” rating on the stock in a research note on Friday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 800 ($10.05) target price on shares of Lancashire in a research note on Friday, March 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 750 ($9.42) target price on shares of Lancashire in a research note on Thursday, March 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 825 ($10.36) target price on shares of Lancashire in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Lancashire presently has an average rating of “Moderate Buy” and a consensus target price of GBX 792 ($9.95).

Lancashire Trading Down 1.3 %

The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 31.25. The company has a market cap of £1.42 billion, a P/E ratio of 567.62, a PEG ratio of 0.21 and a beta of 0.58. The firm’s 50 day moving average is GBX 617.22 and its two-hundred day moving average is GBX 615.53.

Lancashire Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 5.86%. Lancashire’s payout ratio is 1,523.81%.

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.