Berenberg Bank assumed coverage on shares of Lancashire (LON:LRE – Free Report) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued a hold rating and a GBX 670 ($9.02) target price on the stock.
Lancashire Price Performance
LON LRE opened at GBX 605 ($8.14) on Thursday. The stock has a market capitalization of £1.82 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.21 and a beta of 0.62. Lancashire has a 1 year low of GBX 505 ($6.79) and a 1 year high of GBX 721 ($9.70). The business’s fifty day moving average is GBX 579.44 and its two-hundred day moving average is GBX 611.26. The company has a debt-to-equity ratio of 31.26, a quick ratio of 1.18 and a current ratio of 33.62.
Lancashire Increases Dividend
The business also recently declared a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 20th were issued a dividend of GBX 5 ($0.07) per share. This is a boost from Lancashire’s previous dividend of $0.15. This represents a dividend yield of 1.05%. The ex-dividend date was Thursday, March 20th. Lancashire’s payout ratio is currently 34.29%.
Insider Activity
Lancashire Company Profile
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.
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