Lancashire (LON:LRE) Shares Cross 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 Tuesday . The stock has a two hundred day moving average of GBX 643.34 ($8.05) and traded as high as GBX 662 ($8.28). Lancashire shares last traded at GBX 659 ($8.25), with a volume of 336,864 shares changing hands.

Lancashire Price Performance

The firm has a market cap of £1.58 billion, a PE ratio of 581.42, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The stock has a 50 day simple moving average of GBX 648.87 and a two-hundred day simple moving average of GBX 643.72. The company has a debt-to-equity ratio of 30.12, a quick ratio of 1.18 and a current ratio of 25.01.

Lancashire Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were issued a $0.75 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Lancashire’s previous dividend of $0.08. This represents a yield of 9.18%. Lancashire’s payout ratio is presently 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.