Lancashire (LON:LRE) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Lancashire Holdings Limited (LON:LRE)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 615.19 and traded as high as GBX 646.50. Lancashire shares last traded at GBX 636.64, with a volume of 27,571,709 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 698 target price on shares of Lancashire in a research note 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 675.17.

Lancashire Trading Down 0.4%

The stock has a market cap of £1.54 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 0.21 and a beta of 0.92. 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 company’s fifty day moving average price is GBX 610.80 and its 200-day moving average price is GBX 615.19.

Insiders Place Their Bets

In related news, insider Philip Broadley bought 4,225 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of GBX 566 per share, with a total value of £23,913.50. Corporate insiders own 5.32% of the company’s stock.

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.