Lancashire Holdings Limited (LON:LRE) Insider Michael George Dawson Buys 10,000 Shares

Lancashire Holdings Limited (LON:LRE) insider Michael George Dawson acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of GBX 610 ($7.80) per share, with a total value of £61,000 ($77,955.27).

Lancashire Trading Up 5.9 %

Shares of LRE stock opened at GBX 624 ($7.97) on Monday. Lancashire Holdings Limited has a 12-month low of GBX 527.50 ($6.74) and a 12-month high of GBX 690 ($8.82). The company has a market capitalization of £1.49 billion, a PE ratio of 617.82, a price-to-earnings-growth ratio of 0.21 and a beta of 0.58. The firm has a 50 day moving average price of GBX 609.23 and a two-hundred day moving average price of GBX 614.99. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 31.25.

Lancashire Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 0.98%. Lancashire’s payout ratio is currently 1,584.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays cut their target price on shares of Lancashire from GBX 800 ($10.22) to GBX 790 ($10.10) and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 825 ($10.54) price objective on shares of Lancashire in a research report on Friday, May 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 740 ($9.46) target price on shares of Lancashire in a report on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Lancashire has a consensus rating of “Moderate Buy” and an average target price of GBX 781 ($9.98).

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.