Lancashire (LON:LRE) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 635 ($8.00) and traded as high as GBX 679 ($8.56). Lancashire shares last traded at GBX 662 ($8.34), with a volume of 691,147 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($10.08) price objective on shares of Lancashire in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Lancashire currently has an average rating of “Moderate Buy” and a consensus price target of GBX 781 ($9.84).

Lancashire Stock Down 0.3 %

The firm has a 50 day moving average price of GBX 662.30 and a two-hundred day moving average price of GBX 635.66. The company has a quick ratio of 1.18, a current ratio of 25.01 and a debt-to-equity ratio of 30.12. The company has a market capitalization of £1.45 billion, a price-to-earnings ratio of 532.74, a P/E/G ratio of 0.21 and a beta of 0.62.

Lancashire Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Lancashire’s previous dividend of $0.08. This represents a dividend yield of 9.18%. Lancashire’s dividend payout ratio (DPR) is currently 1,592.92%.

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.