Shares of Lancashire Holdings Limited (LON:LRE – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 628.58 ($8.16) and traded as high as GBX 652 ($8.47). Lancashire shares last traded at GBX 652 ($8.47), with a volume of 191,313 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a “buy” rating and set a GBX 800 ($10.39) price target on shares of Lancashire in a research note on Friday, August 9th. Two equities 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 currently has an average rating of “Moderate Buy” and a consensus target price of GBX 781 ($10.14).
Read Our Latest Research Report on Lancashire
Lancashire Stock Down 0.6 %
Lancashire Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 15th were issued a dividend of $0.08 per share. This represents a yield of 0.98%. The ex-dividend date was Thursday, August 15th. Lancashire’s dividend payout ratio (DPR) is presently 1,592.92%.
Insider Transactions at Lancashire
In related news, insider Michael George Dawson purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of GBX 610 ($7.92) per share, with a total value of £61,000 ($79,200.21). 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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