Lancashire (LON:LRE) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Lancashire Holdings Limited (LON:LRE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 612.67 and traded as high as GBX 638.50. Lancashire shares last traded at GBX 633.82, with a volume of 31,325,182 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 698 price objective on shares of Lancashire in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 675.17.

Lancashire Trading Up 0.2%

The company has a 50 day moving average of GBX 607.92 and a 200-day moving average of GBX 613.42. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51. The stock has a market cap of £1.55 billion, a price-to-earnings ratio of 5.45, a price-to-earnings-growth ratio of 0.21 and a beta of 0.47.

Insider Transactions at Lancashire

In other Lancashire news, insider Philip Broadley purchased 4,225 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of GBX 566 per share, for a total transaction of £23,913.50. 5.32% of the stock is owned by company insiders.

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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.