Lancashire Holdings Limited (LON:LRE) Insider Philip Broadley Purchases 18,049 Shares

Lancashire Holdings Limited (LON:LRE) insider Philip Broadley purchased 18,049 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of GBX 633 ($7.95) per share, for a total transaction of £114,250.17 ($143,494.31).

Lancashire Price Performance

Shares of LON:LRE opened at GBX 623 ($7.82) on Thursday. The business’s fifty day moving average price is GBX 612.50 and its two-hundred day moving average price is GBX 619.51. The stock has a market cap of £1.49 billion, a PE ratio of 590.48, a price-to-earnings-growth ratio of 0.21 and a beta of 0.58. The company has a debt-to-equity ratio of 31.25, a quick ratio of 1.18 and a current ratio of 1.62. Lancashire Holdings Limited has a one year low of GBX 525 ($6.59) and a one year high of GBX 690 ($8.67).

Lancashire Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.50 per share. This represents a yield of 5.86%. The ex-dividend date is Thursday, May 9th. Lancashire’s dividend payout ratio (DPR) is presently 1,523.81%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 750 ($9.42) price objective on shares of Lancashire in a research note on Thursday, March 7th. Barclays dropped their price objective on Lancashire from GBX 800 ($10.05) to GBX 790 ($9.92) and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 ($10.05) price objective on shares of Lancashire in a research note on Friday, March 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 825 ($10.36) price objective on shares of Lancashire in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Lancashire presently has an average rating of “Moderate Buy” and a consensus price target of GBX 792 ($9.95).

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.