Lancashire Holdings Limited (LON:LRE – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 768 ($9.71).
Several research firms recently issued reports on LRE. Berenberg Bank reiterated a “buy” rating and set a GBX 800 ($10.11) target price on shares of Lancashire in a report on Friday, March 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 750 ($9.48) price objective on shares of Lancashire in a research report on Thursday, March 7th.
View Our Latest Analysis on Lancashire
Lancashire Price Performance
Lancashire Announces Dividend
The business also recently disclosed a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 9th. This represents a yield of 5.86%. Lancashire’s dividend payout ratio (DPR) is 1,523.81%.
Lancashire Company Profile
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.
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