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

Lancashire Holdings Limited (LON:LRE)’s stock price passed 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 traded.

Analyst Ratings Changes

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

Lancashire Trading Down 1.3 %

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

Lancashire Dividend Announcement

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