Lancashire (LON:LRE) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Lancashire (LON:LRE) in a report published on Wednesday morning, Marketbeat reports. The brokerage currently has a GBX 740 ($9.45) target price on the stock.

A number of other equities analysts have also recently commented on LRE. Barclays decreased their target price on Lancashire from GBX 800 ($10.22) to GBX 790 ($10.09) and set an equal weight rating on the stock in a report on Friday, May 3rd. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 750 ($9.58) target price on shares of Lancashire in a report on Thursday, March 7th. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 825 ($10.54) target price on shares of Lancashire in a report on Friday, May 3rd. Finally, Berenberg Bank reaffirmed a buy rating and issued a GBX 800 ($10.22) target price on shares of Lancashire in a report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lancashire has an average rating of Moderate Buy and a consensus target price of GBX 781 ($9.97).

Lancashire Price Performance

LON LRE opened at GBX 633 ($8.08) on Wednesday. The business’s fifty day moving average price is GBX 607.18 and its 200-day moving average price is GBX 620.47. The stock has a market capitalization of £1.51 billion, a price-to-earnings ratio of 626.73, a PEG ratio of 0.21 and a beta of 0.58. The company has a debt-to-equity ratio of 31.25, a current ratio of 1.62 and a quick ratio of 1.18. Lancashire has a 1-year low of GBX 525 ($6.70) and a 1-year high of GBX 690 ($8.81).

Lancashire Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 9th will be issued a $0.50 dividend. This represents a dividend yield of 5.86%. The ex-dividend date of this dividend is Thursday, May 9th. Lancashire’s payout ratio is 1,584.16%.

Insider Activity at Lancashire

In other news, insider Philip Broadley acquired 18,049 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average price of GBX 633 ($8.08) per share, with a total value of £114,250.17 ($145,913.37). 0.63% of the stock is owned by insiders.

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.