Lancashire Holdings Limited (LON:LRE) Increases Dividend to $0.75 Per Share

Lancashire Holdings Limited (LON:LRE) declared a dividend on Wednesday, November 6th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, November 14th will be paid a dividend of $0.75 per share on Friday, December 13th. This represents a yield of 9.18%. The ex-dividend date is Thursday, November 14th. This is an increase from Lancashire’s previous dividend of $0.08. The official announcement can be viewed at this link.

Lancashire Stock Up 0.1 %

Shares of LRE opened at GBX 679 ($8.74) on Tuesday. The company’s 50-day moving average price is GBX 663.38 and its 200 day moving average price is GBX 633.79. Lancashire has a 12-month low of GBX 559 ($7.19) and a 12-month high of GBX 721 ($9.28). The company has a current ratio of 25.01, a quick ratio of 1.18 and a debt-to-equity ratio of 30.12. The firm has a market cap of £1.63 billion, a P/E ratio of 603.54, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 800 ($10.29) price objective on shares of Lancashire in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 781 ($10.05).

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.