Lancashire Holdings Limited Declares Dividend of $0.08 (LON:LRE)

Lancashire Holdings Limited (LON:LRE) declared a dividend on Thursday, August 8th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 15th will be given a dividend of $0.08 per share on Friday, September 13th. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be viewed at this link.

Lancashire Stock Performance

LON:LRE opened at GBX 653 ($8.34) on Tuesday. The company has a market capitalization of £1.56 billion, a P/E ratio of 645.54, a P/E/G ratio of 0.21 and a beta of 0.58. The business has a fifty day simple moving average of GBX 609.53 and a two-hundred day simple moving average of GBX 615.54. 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 527.50 ($6.74) and a 1 year high of GBX 690 ($8.81).

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LRE shares. Royal Bank of Canada restated an “outperform” rating and issued a GBX 825 ($10.53) price objective on shares of Lancashire in a research note on Friday, May 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 740 ($9.45) target price on shares of Lancashire in a research note on Wednesday, May 29th. Barclays dropped their price target on shares of Lancashire from GBX 800 ($10.21) to GBX 790 ($10.09) and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.21) price objective on shares of Lancashire in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Lancashire presently has an average rating of “Moderate Buy” and an average price target of GBX 781 ($9.97).

Insider Activity

In other news, insider Michael George Dawson acquired 10,000 shares of Lancashire stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of GBX 610 ($7.79) per share, with a total value of £61,000 ($77,885.60). In other Lancashire news, insider Philip Broadley bought 18,049 shares of Lancashire stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of GBX 633 ($8.08) per share, for a total transaction of £114,250.17 ($145,876.11). Also, insider Michael George Dawson purchased 10,000 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of GBX 610 ($7.79) per share, for a total transaction of £61,000 ($77,885.60). Company insiders own 0.63% of the company’s stock.

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.