Lancashire Holdings Limited (LON:LRE) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 668.50 ($8.74) and last traded at GBX 655 ($8.56), with a volume of 204409 shares trading hands. The stock had previously closed at GBX 659.50 ($8.62).
Several research analysts have recently weighed in on the stock. Peel Hunt restated an “add” rating on shares of Lancashire in a research note on Monday, March 25th. Barclays raised their target price on shares of Lancashire from GBX 618 ($8.08) to GBX 676 ($8.83) and gave the company an “equal weight” rating in a research note on Monday, February 18th. Royal Bank of Canada reduced their price target on Lancashire from GBX 725 ($9.47) to GBX 700 ($9.15) and set an “outperform” rating for the company in a report on Thursday, February 7th. JPMorgan Chase & Co. lifted their price target on Lancashire from GBX 570 ($7.45) to GBX 580 ($7.58) and gave the stock a “neutral” rating in a report on Tuesday, February 5th. Finally, Canaccord Genuity boosted their price target on Lancashire from GBX 665 ($8.69) to GBX 725 ($9.47) and gave the stock a “buy” rating in a research report on Monday, February 18th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 670.82 ($8.77).
The firm has a market capitalization of $1.32 billion and a P/E ratio of 35.03. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 30.42.
The business also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, February 21st were paid a $0.10 dividend. The ex-dividend date was Thursday, February 21st. This represents a yield of 1.23%. Lancashire’s dividend payout ratio (DPR) is currently 0.80%.
In other Lancashire news, insider Elaine Whelan sold 1,334 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of GBX 650 ($8.49), for a total value of £8,671 ($11,330.20).
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Lancashire Company Profile (LON:LRE)
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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