Neil David Eckert Acquires 31,916 Shares of Conduit Holdings Limited (LON:CRE) Stock

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert acquired 31,916 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of GBX 364 ($4.71) per share, for a total transaction of £116,174.24 ($150,367.90).

Conduit Stock Down 0.8 %

CRE stock opened at GBX 352 ($4.56) on Friday. The company has a market cap of £707.69 million, a price-to-earnings ratio of 3.32 and a beta of 0.52. Conduit Holdings Limited has a twelve month low of GBX 347 ($4.49) and a twelve month high of GBX 549.74 ($7.12). The business has a 50 day moving average price of GBX 411.60 and a two-hundred day moving average price of GBX 469.42.

Conduit Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 20th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 3.54%. Conduit’s dividend payout ratio is presently 26.41%.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 700 ($9.06) price target on shares of Conduit in a research note on Wednesday, February 12th.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.