Lancashire (LON:LRE) Reaches New 52-Week High at $681.00

Lancashire Holdings Limited (LON:LRE) hit a new 52-week high on Thursday . The stock traded as high as GBX 681 ($8.70) and last traded at GBX 655 ($8.36), with a volume of 211263 shares changing hands. The stock had previously closed at GBX 665 ($8.49).

Analysts Set New Price Targets

LRE has been the subject of several recent research reports. Barclays decreased their price objective on Lancashire from GBX 800 ($10.21) to GBX 790 ($10.09) and set an “equal weight” rating for the company in a report on Friday, May 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 740 ($9.45) price target on shares of Lancashire in a research report on Wednesday, May 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 825 ($10.53) price objective on shares of Lancashire in a report on Friday, May 3rd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 800 ($10.21) target price on shares of Lancashire in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 781 ($9.97).

Lancashire Stock Down 0.8 %

The stock has a market capitalization of £1.56 billion, a P/E ratio of 565.22, a PEG ratio of 0.21 and a beta of 0.63. The stock has a 50 day moving average price of GBX 612.96 and a 200-day moving average price of GBX 616.99. The company has a debt-to-equity ratio of 30.12, a current ratio of 25.01 and a quick ratio of 1.18.

Lancashire Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 0.98%. Lancashire’s dividend payout ratio is currently 1,565.22%.

Insider Activity at Lancashire

In other Lancashire news, insider Michael George Dawson acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of GBX 610 ($7.79) per share, with a total value of £61,000 ($77,885.60). 0.63% of the stock is owned by corporate insiders.

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.