Lancashire Holdings Limited (LRE) to Issue Dividend of $0.05
Lancashire Holdings Limited (LON:LRE) declared a dividend on Thursday, July 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be given a dividend of $0.05 per share on Wednesday, September 6th. This represents a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be viewed at this link.
Lancashire Holdings Limited (LON:LRE) traded up 0.55% on Thursday, hitting GBX 736.00. 283,346 shares of the stock were exchanged. The company’s market cap is GBX 1.47 billion. The company’s 50 day moving average price is GBX 711.78 and its 200-day moving average price is GBX 692.55. Lancashire Holdings Limited has a one year low of GBX 581.43 and a one year high of GBX 775.00.
Several research analysts recently commented on the company. Morgan Stanley assumed coverage on Lancashire Holdings Limited in a research report on Tuesday. They issued an “equal weight” rating and a GBX 630 ($8.21) target price for the company. Canaccord Genuity reissued a “hold” rating and set a GBX 630 ($8.21) price objective on shares of Lancashire Holdings Limited in a report on Friday, May 5th. Peel Hunt reissued an “add” rating and set a GBX 725 ($9.45) price objective on shares of Lancashire Holdings Limited in a report on Thursday, May 4th. HSBC Holdings plc restated a “hold” rating and issued a GBX 680 ($8.86) target price on shares of Lancashire Holdings Limited in a research note on Tuesday, June 13th. Finally, J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 595 ($7.75) price objective on shares of Lancashire Holdings Limited in a research report on Friday, May 5th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 648.54 ($8.45).
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Lancashire Holdings Limited 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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