Lancashire (LON:LRE) Shares Pass Above 200 Day Moving Average – Should You Sell?

Lancashire Holdings Limited (LON:LRE)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 620.36 and traded as high as GBX 657. Lancashire shares last traded at GBX 649.45, with a volume of 227,579 shares traded.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 698 price objective on shares of Lancashire in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lancashire presently has a consensus rating of “Hold” and a consensus price target of GBX 675.17.

Lancashire Trading Down 0.5%

The stock has a market capitalization of £1.58 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The stock has a 50-day moving average price of GBX 634.51 and a two-hundred day moving average price of GBX 620.36. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51.

Insider Activity 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 bought at an average price of GBX 566 per share, with a total value of £23,913.50. 5.32% of the stock is currently owned by corporate 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.