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

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

Lancashire Stock Performance

Shares of LRE traded up GBX 7 ($0.09) during mid-day trading on Wednesday, hitting GBX 665 ($8.49). 177,930 shares of the company traded hands, compared to its average volume of 643,608. Lancashire has a 1 year low of GBX 527.50 ($6.74) and a 1 year high of GBX 690 ($8.81). The company has a debt-to-equity ratio of 31.25, a quick ratio of 1.18 and a current ratio of 1.62. The stock has a 50-day moving average price of GBX 610.33 and a two-hundred day moving average price of GBX 615.93. The stock has a market cap of £1.59 billion, a price-to-earnings ratio of 651.49, a P/E/G ratio of 0.21 and a beta of 0.58.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LRE shares. Berenberg Bank restated a “buy” rating and issued a GBX 800 ($10.21) price target on shares of Lancashire in a research note on Friday, August 9th. Barclays reduced their target price on shares of 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 reaffirmed a “buy” rating and issued a GBX 740 ($9.45) target price on shares of Lancashire in a report on Wednesday, May 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 825 ($10.53) price target on shares of Lancashire in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 781 ($9.97).

Insider Buying and Selling at Lancashire

In other news, insider Michael George Dawson bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price 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.

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.