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

Lancashire Holdings Limited (LON:LRE)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 610.95 and traded as high as GBX 615.50. Lancashire shares last traded at GBX 606.93, with a volume of 269,773 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 698 target price on shares of Lancashire in a research report on Thursday, April 30th. Three 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’s stock. Based on data from MarketBeat, Lancashire presently has a consensus rating of “Hold” and a consensus price target of GBX 675.17.

Lancashire Trading Down 0.1%

The company has a debt-to-equity ratio of 31.62, a current ratio of 711.51 and a quick ratio of 1.18. The business has a 50-day moving average of GBX 603.55 and a 200-day moving average of GBX 611.29. The firm has a market cap of £1.48 billion, a price-to-earnings ratio of 5.21, a P/E/G ratio of 0.21 and a beta of 0.47.

Insider Activity

In related news, insider Philip Broadley bought 4,225 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of GBX 566 per share, with a total value of £23,913.50. Corporate insiders own 5.32% 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. 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.