Lancashire (LON:LRE) Now Covered by Berenberg Bank

Berenberg Bank initiated coverage on shares of Lancashire (LON:LRE - Free Report) in a report published on Thursday, Marketbeat.com reports. The firm issued a hold rating and a GBX 670 ($9.02) price target on the stock.

Lancashire Price Performance

Shares of LRE stock traded up GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 605 ($8.14). 376,865 shares of the company were exchanged, compared to its average volume of 1,510,984. Lancashire has a 12 month low of GBX 505 ($6.80) and a 12 month high of GBX 721 ($9.70). The company has a market cap of £1.82 billion, a P/E ratio of 11.53, a PEG ratio of 0.21 and a beta of 0.62. The company's 50 day moving average price is GBX 579.44 and its two-hundred day moving average price is GBX 611.26. The company has a debt-to-equity ratio of 31.26, a quick ratio of 1.18 and a current ratio of 33.62.

Lancashire Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 20th were issued a GBX 5 ($0.07) dividend. This is an increase from Lancashire's previous dividend of $0.15. This represents a dividend yield of 1.05%. The ex-dividend date was Thursday, March 20th. Lancashire's payout ratio is presently 34.29%.

Insider Buying and Selling

In other news, insider Alex Maloney sold 171,526 shares of Lancashire stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 550 ($7.40), for a total value of £943,393 ($1,269,707.94). Also, insider Philip Broadley bought 1,800 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of GBX 583 ($7.85) per share, for a total transaction of £10,494 ($14,123.82). Insiders own 0.64% of the company's stock.

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.