Lancashire (LON:LRE) Hits New 52-Week Low – Here’s Why

Lancashire Holdings Limited (LON:LRE) shares hit a new 52-week low on Thursday . The stock traded as low as GBX 556 ($7.18) and last traded at GBX 557 ($7.19), with a volume of 686679 shares changing hands. The stock had previously closed at GBX 566 ($7.31).

Lancashire Stock Performance

The business’s fifty day moving average price is GBX 613.94 and its 200-day moving average price is GBX 642.04. The stock has a market capitalization of £1.69 billion, a PE ratio of 10.65, a P/E/G ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18.

Lancashire Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 20th will be issued a GBX 5 ($0.06) dividend. This represents a yield of 1.05%. This is an increase from Lancashire’s previous dividend of $0.15. The ex-dividend date is Thursday, March 20th. Lancashire’s dividend payout ratio (DPR) is presently 34.29%.

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.