Lancashire Holdings Limited (LON:LRE) declared a dividend on Thursday, February 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.10 per share on Wednesday, March 21st. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, February 22nd. This is a positive change from Lancashire’s previous dividend of $0.05. The official announcement can be accessed at this link.
Shares of Lancashire (LRE) traded up GBX 30.50 ($0.42) during midday trading on Wednesday, hitting GBX 592 ($8.18). The stock had a trading volume of 893,959 shares, compared to its average volume of 635,944. The firm has a market capitalization of $1,190.00 and a P/E ratio of -2,276.92. Lancashire has a fifty-two week low of GBX 542.50 ($7.50) and a fifty-two week high of GBX 773.50 ($10.69).
In related news, insider Samantha Hoe-Richardson purchased 1,409 shares of the company’s stock in a transaction on Monday, February 19th. The shares were bought at an average price of GBX 568 ($7.85) per share, with a total value of £8,003.12 ($11,057.09). Also, insider Peter Clarke purchased 16,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was bought at an average cost of GBX 567 ($7.83) per share, for a total transaction of £90,720 ($125,338.49).
LRE has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Lancashire in a report on Thursday, November 16th. Barclays raised Lancashire to an “equal weight” rating and boosted their target price for the stock from GBX 631 ($8.72) to GBX 687 ($9.49) in a report on Wednesday, October 25th. HSBC reissued a “buy” rating and set a GBX 863 ($11.92) target price on shares of Lancashire in a report on Thursday, November 23rd. Peel Hunt reissued an “add” rating and set a GBX 690 ($9.53) target price on shares of Lancashire in a report on Thursday, January 4th. Finally, Shore Capital reissued a “buy” rating on shares of Lancashire in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 687.77 ($9.50).
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Lancashire Company Profile
Lancashire Holdings Limited is a holding company. The Company’s principal activity, through its subsidiaries, is the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Property, Energy, Marine, Aviation and Lloyd’s. It underwrites worldwide, insurance and reinsurance contracts that transfer insurance risk, including risks exposed to both natural and man-made catastrophes.
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