Lancashire Holdings Limited (LON:LRE) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus: Hold — Seven brokerages give Lancashire an overall "Hold" rating (1 sell, 3 hold, 3 buy) with an average 1‑year price target of GBX 675.17.
• Insider purchase — Director Philip Broadley bought 4,225 shares at GBX 566 on April 30th, and corporate insiders now own about 4.62% of the company.
• Valuation and trading — Shares opened at GBX 567.83 (near the 52‑week low of GBX 549 vs high GBX 700); the firm has a market cap of £1.38bn and a low P/E of 4.85, indicating a relatively cheap valuation.

Shares of Lancashire Holdings Limited (LON:LRE - Get Free Report) have received a consensus recommendation of "Hold" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 675.17.

LRE has been the topic of a number of research reports. The Goldman Sachs Group reduced their price target on shares of Lancashire from GBX 763 to GBX 658 and set a "buy" rating on the stock in a report on Wednesday, January 21st. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 698 price target on shares of Lancashire in a report on Thursday, April 30th.

Insider Transactions at Lancashire

In related news, insider Philip Broadley purchased 4,225 shares of Lancashire stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of GBX 566 per share, for a total transaction of £23,913.50. Corporate insiders own 4.62% of the company's stock.

Lancashire Stock Performance

Shares of LON LRE opened at GBX 567.83 on Wednesday. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51. The company has a market cap of £1.38 billion, a P/E ratio of 4.85, a P/E/G ratio of 0.21 and a beta of 0.44. The firm's fifty day moving average is GBX 605.12 and its two-hundred day moving average is GBX 616.85. Lancashire has a 52-week low of GBX 549 and a 52-week high of GBX 700.

About Lancashire

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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.

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