Lancashire (LON:LRE – Free Report) had its price objective trimmed by Barclays from GBX 800 ($10.05) to GBX 790 ($9.92) in a report released on Friday, Marketbeat Ratings reports. The firm currently has an equal weight rating on the stock.
Other equities analysts have also issued reports about the company. Berenberg Bank reaffirmed a buy rating and issued a GBX 800 ($10.05) price target on shares of Lancashire in a report on Friday, March 8th. 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. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 750 ($9.42) price objective on shares of Lancashire in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lancashire presently has an average rating of Moderate Buy and a consensus target price of GBX 792 ($9.95).
Lancashire Price Performance
Lancashire Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 5.86%. Lancashire’s dividend payout ratio (DPR) is presently 1,523.81%.
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.
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