Lancashire (LON:LRE) Sets New 52-Week High – Here’s Why

Lancashire Holdings Limited (LON:LRE) reached a new 52-week high on Wednesday. The company traded as high as GBX 693 and last traded at GBX 687.67, with a volume of 296,040 shares changing hands. The stock had previously closed at GBX 691.

Analyst Upgrades and Downgrades

LRE has been the topic of several recent research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 700 target price on shares of Lancashire in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 691 price target on shares of Lancashire in a research note on Tuesday, October 13th. Finally, Royal Bank Of Canada lowered their price objective on Lancashire from GBX 580 to GBX 560 and set an “underperform” rating for the company in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 663.17.

Lancashire Trading Down 3.5%

The firm has a 50-day moving average of GBX 636.58 and a 200 day moving average of GBX 624.53. The company has a market cap of £1.62 billion, a P/E ratio of 5.17, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46.

Insider Transactions at Lancashire

In other Lancashire news, insider Philip Broadley purchased 1,745 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of GBX 630 per share, with a total value of £10,993.50. Company insiders own 5.31% 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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.