Lancashire (LON:LRE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 610.95 and traded as high as GBX 615.50. Lancashire shares last traded at GBX 606.93, with a volume of 269,773 shares trading hands.

Wall Street Analysts Forecast Growth

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

Lancashire Stock Performance

The company has a debt-to-equity ratio of 31.62, a current ratio of 711.51 and a quick ratio of 1.18. The firm has a market capitalization of £1.49 billion, a P/E ratio of 5.26, a P/E/G ratio of 0.21 and a beta of 0.47. The stock’s 50 day moving average is GBX 602.51 and its two-hundred day moving average is GBX 610.95.

Insider Buying and Selling at Lancashire

In other Lancashire news, insider Philip Broadley purchased 4,225 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of GBX 566 per share, with a total value of £23,913.50. 5.32% 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.