Lancashire (LON:LRE) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Lancashire Holdings Limited (LON:LRE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 612 and traded as high as GBX 618.50. Lancashire shares last traded at GBX 604.50, with a volume of 1,138,112 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 698 target price on shares of Lancashire in a research report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 675.17.

Lancashire Trading Down 0.9%

The company’s 50 day simple moving average is GBX 599.48 and its 200 day simple moving average is GBX 612. The firm has a market cap of £1.47 billion, a price-to-earnings ratio of 5.17, a P/E/G ratio of 0.21 and a beta of 0.44. The company has a debt-to-equity ratio of 31.62, a current ratio of 711.51 and a quick ratio of 1.18.

Insider Activity at Lancashire

In other Lancashire news, insider Philip Broadley purchased 4,225 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of GBX 566 per share, for a total transaction of £23,913.50. 4.62% of the stock is currently owned by company insiders.

About Lancashire

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.