Lancashire (LON:LRE) had its target price decreased by JPMorgan Chase & Co. from GBX 650 ($8.49) to GBX 645 ($8.43) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. UBS Group restated a buy rating and issued a GBX 760 ($9.93) price objective (up previously from GBX 745 ($9.73)) on shares of Lancashire in a research report on Friday, July 26th. Barclays lowered their price objective on shares of Lancashire from GBX 731 ($9.55) to GBX 727 ($9.50) and set an equal weight rating for the company in a research report on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on shares of Lancashire from GBX 725 ($9.47) to GBX 750 ($9.80) and gave the company an outperform rating in a research report on Tuesday, June 11th. Peel Hunt restated a hold rating on shares of Lancashire in a research report on Tuesday, September 10th. Finally, Berenberg Bank lowered their price objective on shares of Lancashire from GBX 742 ($9.70) to GBX 697 ($9.11) and set a buy rating for the company in a research report on Wednesday, June 12th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 704 ($9.20).
LRE opened at GBX 721 ($9.42) on Monday. The company has a current ratio of 2.19, a quick ratio of 1.48 and a debt-to-equity ratio of 31.04. The stock has a market capitalization of $1.45 billion and a PE ratio of 7,210.00. Lancashire has a 1-year low of GBX 505 ($6.60) and a 1-year high of GBX 732 ($9.56). The firm has a 50-day moving average price of GBX 697.88 and a two-hundred day moving average price of GBX 683.75.
The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 8th were given a $0.05 dividend. This represents a yield of 0.56%. The ex-dividend date was Thursday, August 8th. Lancashire’s payout ratio is presently 80.00%.
In other news, insider Alex Maloney sold 19,259 shares of Lancashire stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of GBX 703 ($9.19), for a total transaction of £135,390.77 ($176,912.02). Also, insider Sally Williams purchased 1,414 shares of the stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of GBX 709 ($9.26) per share, with a total value of £10,025.26 ($13,099.78).
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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