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

Lancashire Holdings Limited (LON:LRE)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 628.58 ($8.16) and traded as high as GBX 652 ($8.47). Lancashire shares last traded at GBX 652 ($8.47), with a volume of 191,313 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 800 ($10.39) target price on shares of Lancashire in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lancashire presently has an average rating of “Moderate Buy” and a consensus price target of GBX 781 ($10.14).

Lancashire Trading Down 0.6 %

The company has a quick ratio of 1.18, a current ratio of 25.01 and a debt-to-equity ratio of 30.12. The firm’s 50-day moving average price is GBX 667.13 and its 200 day moving average price is GBX 629.12. The company has a market capitalization of £1.56 billion, a P/E ratio of 573.45, a P/E/G ratio of 0.21 and a beta of 0.62.

Lancashire Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 15th were given a $0.08 dividend. This represents a yield of 0.98%. The ex-dividend date of this dividend was Thursday, August 15th. Lancashire’s payout ratio is 1,592.92%.

Insiders Place Their Bets

In other news, insider Michael George Dawson acquired 10,000 shares of Lancashire stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of GBX 610 ($7.92) per share, with a total value of £61,000 ($79,200.21). 0.64% of the stock is currently owned by 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.