Lancashire (LON:LRE) Stock Price Crosses Above Two Hundred 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 Tuesday . The stock has a 200-day moving average of GBX 612.67 and traded as high as GBX 638.50. Lancashire shares last traded at GBX 633.82, with a volume of 31,325,182 shares changing 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 investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 675.17.

Lancashire Stock Performance

The stock’s 50-day moving average price is GBX 606.36 and its 200-day moving average price is GBX 612.67. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 5.42, a P/E/G ratio of 0.21 and a beta of 0.47.

Insider Activity

In related news, insider Philip Broadley purchased 4,225 shares of Lancashire stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of GBX 566 per share, for a total transaction of £23,913.50. Insiders own 5.32% of the company’s stock.

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.