Trevor Carvey Purchases 70,000 Shares of Conduit Holdings Limited (LON:CRE) Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey acquired 70,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average price of GBX 340 ($4.39) per share, for a total transaction of £238,000 ($307,493.54).

Trevor Carvey also recently made the following trade(s):

• On Friday, February 21st, Trevor Carvey bought 10,000 shares of Conduit stock. The stock was purchased at an average price of GBX 384 ($4.96) per share, with a total value of £38,400 ($49,612.40).

Conduit Price Performance

LON CRE traded up GBX 12 ($0.16) during trading hours on Tuesday, reaching GBX 345 ($4.46). The company’s stock had a trading volume of 768,603 shares, compared to its average volume of 986,406. Conduit Holdings Limited has a 52 week low of GBX 316 ($4.08) and a 52 week high of GBX 549.74 ($7.10). The stock has a market cap of £693.61 million, a P/E ratio of 3.25 and a beta of 0.52. The firm has a fifty day simple moving average of GBX 409.12 and a 200-day simple moving average of GBX 467.50.

Conduit Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.18 per share. This represents a yield of 3.54%. The ex-dividend date is Thursday, March 20th. Conduit’s dividend payout ratio is presently 26.41%.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 700 ($9.04) price objective on shares of Conduit in a research report on Monday.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.