Lancashire (LON:LRE) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Lancashire Holdings Limited (LON:LRE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 624.67 and traded as high as GBX 627. Lancashire shares last traded at GBX 627, with a volume of 448,009 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Peel Hunt restated a “hold” rating and issued a GBX 645 price objective on shares of Lancashire in a research report on Wednesday, November 5th. Jefferies Financial Group cut their price target on shares of Lancashire from GBX 820 to GBX 736 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Royal Bank Of Canada increased their price target on shares of Lancashire from GBX 600 to GBX 625 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Citigroup lifted their price objective on shares of Lancashire from GBX 696 to GBX 725 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, The Goldman Sachs Group cut their target price on shares of Lancashire from GBX 763 to GBX 658 and set a “buy” rating for the company in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 681.50.

Lancashire Trading Up 1.8%

The firm’s 50 day moving average is GBX 607.81 and its 200 day moving average is GBX 624.67. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The company has a market capitalization of £1.52 billion, a PE ratio of 6.82, a P/E/G ratio of 0.21 and a beta of 0.62.

Insider Buying and Selling at Lancashire

In other news, insider Philip Broadley purchased 5,580 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average cost of GBX 594 per share, for a total transaction of £33,145.20. Also, insider Bob Cox bought 2,000 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of GBX 582 per share, for a total transaction of £11,640. 4.61% of the stock is currently owned by corporate insiders.

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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.