Conduit Holdings Limited (LON:CRE - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 421.83 ($5.63) and traded as low as GBX 368.03 ($4.92). Conduit shares last traded at GBX 373.50 ($4.99), with a volume of 1,256,149 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 700 ($9.35) target price on shares of Conduit in a research note on Monday, March 31st.
View Our Latest Research Report on CRE
Conduit Stock Performance
The firm has a 50-day moving average price of GBX 353.76 and a two-hundred day moving average price of GBX 421.83. The firm has a market cap of £750.91 million, a price-to-earnings ratio of 3.52 and a beta of 0.52.
Conduit Announces Dividend
The business also recently disclosed a dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, March 20th. This represents a yield of 3.54%. Conduit's payout ratio is currently 26.41%.
Insider Activity
In other news, insider Trevor Carvey bought 70,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average cost of GBX 340 ($4.54) per share, with a total value of £238,000 ($317,884.33). Also, insider Elaine Whelan purchased 58,500 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of GBX 341 ($4.55) per share, for a total transaction of £199,485 ($266,441.83). In the last quarter, insiders purchased 173,916 shares of company stock worth $60,497,424. Corporate insiders own 6.19% of the company's stock.
Conduit Company Profile
(
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Conduit Re is a Bermuda-based multi-line reinsurance business with global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.
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