Peel Hunt reiterated their hold rating on shares of Lancashire (LON:LRE) in a research note released on Monday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued reports about the company. Berenberg Bank reduced their price target on Lancashire from GBX 742 ($9.70) to GBX 697 ($9.11) and set a buy rating for the company in a research report on Wednesday, June 12th. JPMorgan Chase & Co. lifted their price target on Lancashire from GBX 615 ($8.04) to GBX 650 ($8.49) and gave the company an overweight rating in a research report on Tuesday, July 30th. UBS Group reiterated a buy rating and issued a GBX 760 ($9.93) price target (up from GBX 745 ($9.73)) on shares of Lancashire in a research report on Friday, July 26th. Numis Securities reiterated an add rating and issued a GBX 705 ($9.21) price target on shares of Lancashire in a research report on Wednesday, May 1st. Finally, Shore Capital reiterated a hold rating on shares of Lancashire in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 697.22 ($9.11).
Shares of LON LRE opened at GBX 708 ($9.25) on Monday. The stock has a market cap of $1.43 billion and a PE ratio of 7,080.00. Lancashire has a fifty-two week low of GBX 505 ($6.60) and a fifty-two week high of GBX 731 ($9.55). The company has a debt-to-equity ratio of 31.04, a quick ratio of 1.48 and a current ratio of 2.19. The stock has a fifty day moving average of GBX 695.70 and a 200-day moving average of GBX 671.22.
The firm also recently announced a dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 8th will be given a dividend of $0.05 per share. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 8th. Lancashire’s payout ratio is 80.00%.
In related news, insider Alex Maloney sold 19,259 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of GBX 703 ($9.19), for a total transaction of £135,390.77 ($176,912.02). Also, insider Sally Williams bought 1,414 shares of Lancashire stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of GBX 709 ($9.26) per share, with a total value of £10,025.26 ($13,099.78).
Lancashire Company Profile
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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