Lancashire Holdings Limited (LON:LRE) Insider Philip Broadley Acquires 18,049 Shares

Lancashire Holdings Limited (LON:LRE) insider Philip Broadley bought 18,049 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average price of GBX 633 ($7.95) per share, for a total transaction of £114,250.17 ($143,494.31).

Lancashire Stock Up 0.5 %

Shares of LON LRE opened at GBX 623 ($7.82) on Thursday. The company has a 50 day simple moving average of GBX 612.50 and a 200-day simple moving average of GBX 619.51. The company has a market capitalization of £1.49 billion, a P/E ratio of 590.48, a P/E/G ratio of 0.21 and a beta of 0.58. The company has a debt-to-equity ratio of 31.25, a current ratio of 1.62 and a quick ratio of 1.18. Lancashire Holdings Limited has a 1 year low of GBX 525 ($6.59) and a 1 year high of GBX 690 ($8.67).

Lancashire Announces Dividend

The business also recently disclosed 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 dividend payout ratio (DPR) is currently 1,523.81%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 800 ($10.05) target price on shares of Lancashire in a research report on Friday, March 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 750 ($9.42) target price on shares of Lancashire in a research report on Thursday, March 7th. Barclays lowered their price objective on Lancashire from GBX 800 ($10.05) to GBX 790 ($9.92) and set an “equal weight” rating on the stock in a report on Friday, May 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 825 ($10.36) price objective on shares of Lancashire in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 792 ($9.95).

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.