Lancashire Holdings Limited Plans Dividend of $0.50 (LON:LRE)

Lancashire Holdings Limited (LON:LRE) announced a dividend on Wednesday, March 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be given a dividend of $0.50 per share on Friday, June 7th. This represents a yield of 5.86%. The ex-dividend date is Thursday, May 9th. The official announcement can be accessed at this link.

Lancashire Trading Up 0.5 %

LRE opened at GBX 620 ($7.79) on Wednesday. Lancashire has a 12 month low of GBX 525 ($6.60) and a 12 month high of GBX 690 ($8.67). The stock has a fifty day moving average price of GBX 615.36 and a 200-day moving average price of GBX 617.13. The firm has a market cap of £1.48 billion, a price-to-earnings ratio of 587.62, a PEG ratio of 0.21 and a beta of 0.58. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.25.

Analyst Ratings Changes

LRE has been the subject of several analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 800 ($10.05) price target on shares of Lancashire in a research report on Friday, March 8th. Barclays decreased their target price on Lancashire from GBX 800 ($10.05) to GBX 790 ($9.92) and set an “equal weight” rating for the company in a report on Friday, May 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 750 ($9.42) price target on shares of Lancashire in a report on Thursday, March 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 825 ($10.36) price target on shares of Lancashire in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Lancashire has a consensus rating of “Moderate Buy” and a consensus target price 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.