Lancashire Holdings Limited (LRE) Insider Purchases £8,003.12 in Stock

Lancashire Holdings Limited (LON:LRE) insider Samantha Hoe-Richardson purchased 1,409 shares of the company’s stock in a transaction on Monday, February 19th. The stock was purchased at an average cost of GBX 568 ($7.85) per share, for a total transaction of £8,003.12 ($11,057.09).

Lancashire Holdings Limited (LON:LRE) traded up GBX 4 ($0.06) during trading on Monday, reaching GBX 574 ($7.93). The company had a trading volume of 1,099,235 shares, compared to its average volume of 578,641. Lancashire Holdings Limited has a fifty-two week low of GBX 558 ($7.71) and a fifty-two week high of GBX 773.50 ($10.69). The company has a market capitalization of $1,160.00 and a PE ratio of -2,296.00.

The firm also recently declared a dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, February 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, February 22nd. This represents a yield of 1.25%. This is a boost from Lancashire’s previous dividend of $0.05.

Several brokerages have recently weighed in on LRE. Shore Capital restated a “buy” rating on shares of Lancashire in a report on Thursday. Numis Securities restated a “hold” rating and issued a GBX 775 ($10.71) price objective on shares of Lancashire in a report on Thursday, November 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 690 ($9.53) price objective on shares of Lancashire in a report on Wednesday, November 8th. Barclays raised their price objective on Lancashire from GBX 687 ($9.49) to GBX 697 ($9.63) and gave the company an “equal weight” rating in a report on Monday, December 11th. Finally, Berenberg Bank began coverage on Lancashire in a report on Wednesday, December 13th. They issued a “sell” rating and a GBX 600 ($8.29) price objective for the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Lancashire has a consensus rating of “Hold” and a consensus price target of GBX 692.62 ($9.57).

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About Lancashire

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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