Lancashire Holdings Limited (LON:LRE) has been given an average rating of “Hold” by the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 686.92 ($9.49).
A number of analysts have commented on LRE shares. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of Lancashire in a report on Tuesday, November 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Lancashire in a report on Thursday, November 16th. Numis Securities raised shares of Lancashire to an “add” rating and set a GBX 775 ($10.71) target price for the company in a report on Thursday, February 15th. HSBC reaffirmed a “buy” rating and set a GBX 863 ($11.92) target price on shares of Lancashire in a report on Thursday, November 23rd. Finally, Peel Hunt reaffirmed an “add” rating and set a GBX 690 ($9.53) target price on shares of Lancashire in a report on Friday, February 2nd.
Lancashire (LON:LRE) traded down GBX 0.50 ($0.01) on Tuesday, reaching GBX 588.50 ($8.13). 1,054,371 shares of the company’s stock were exchanged, compared to its average volume of 919,214. Lancashire has a 12-month low of GBX 542.50 ($7.50) and a 12-month high of GBX 773.50 ($10.69). The firm has a market cap of $1,190.00 and a price-to-earnings ratio of -2,263.46.
The company also recently declared a dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, February 22nd will be issued a $0.10 dividend. This is a positive change from Lancashire’s previous dividend of $0.05. The ex-dividend date is Thursday, February 22nd. This represents a dividend yield of 1.25%.
In related news, insider Samantha Hoe-Richardson bought 1,409 shares of Lancashire stock in a transaction that occurred on Monday, February 19th. The stock was purchased at an average cost of GBX 568 ($7.85) per share, with a total value of £8,003.12 ($11,057.09). Also, insider Peter Clarke bought 16,000 shares of Lancashire stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of GBX 567 ($7.83) per share, with a total value of £90,720 ($125,338.49).
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Lancashire Company Profile
Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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