Lancashire Holdings Limited (LON:LRE) announced a dividend on Wednesday, July 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 13th will be given a dividend of $0.05 per share on Friday, September 11th. This represents a dividend yield of 0.5%. The ex-dividend date is Thursday, August 13th. The official announcement can be accessed at this link.
Shares of LRE stock opened at GBX 772 ($9.50) on Thursday. The company’s fifty day simple moving average is GBX 812.70 and its two-hundred day simple moving average is GBX 714.08. The company has a debt-to-equity ratio of 29.02, a current ratio of 1.35 and a quick ratio of 0.82. Lancashire has a 1 year low of GBX 7.99 ($0.10) and a 1 year high of GBX 852.50 ($10.49). The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 13.31.
A number of equities research analysts have issued reports on LRE shares. Shore Capital reissued an “under review” rating on shares of Lancashire in a report on Wednesday. Goldman Sachs Group reissued a “buy” rating on shares of Lancashire in a report on Monday, April 27th. Credit Suisse Group boosted their target price on shares of Lancashire from GBX 750 ($9.23) to GBX 910 ($11.20) and gave the company an “outperform” rating in a report on Thursday, June 11th. Royal Bank of Canada boosted their target price on shares of Lancashire from GBX 725 ($8.92) to GBX 1,050 ($12.92) and gave the company an “outperform” rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lancashire from GBX 710 ($8.74) to GBX 850 ($10.46) and gave the company an “overweight” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Lancashire currently has a consensus rating of “Hold” and an average target price of GBX 804 ($9.89).
Lancashire Company Profile
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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