Lancashire (LON:LRE) Shares Cross Above 200 Day Moving Average – Time to Sell?

Lancashire Holdings Limited (LON:LRE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 619.07 and traded as high as GBX 655. Lancashire shares last traded at GBX 643.19, with a volume of 510,568 shares.

Analysts Set New Price Targets

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

Lancashire Stock Down 1.6%

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 has a market cap of £1.56 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The company has a fifty day moving average price of GBX 622.49 and a 200 day moving average price of GBX 619.07.

Insider Activity at Lancashire

In related news, insider Philip Broadley purchased 4,225 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of GBX 566 per share, with a total value of £23,913.50. 5.32% of the stock is owned by insiders.

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.