Lancashire (LON:LRE) Insider Philip Broadley Acquires 4,225 Shares

Key Points

• Insider purchase: Lancashire insider Philip Broadley bought 4,225 shares on April 30 at an average price of GBX 566 per share, a total of £23,913.50.
• LRE traded up to GBX 579.67 on Friday (volume 557,222 vs. average 3,017,445) and currently sits below its 50‑day (GBX 607.04) and 200‑day (GBX 618.13) moving averages; the stock has a market cap of £1.41bn and a low P/E of 4.95.
• Analysts are mixed—three Buy, three Hold and one Sell—giving an average rating of Hold and an average target price of GBX 675, with Jefferies at GBX 698 and Goldman Sachs reducing its target to GBX 658.

Lancashire Holdings Limited (LON:LRE - Get Free Report) insider Philip Broadley bought 4,225 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of GBX 566 per share, with a total value of £23,913.50.

Lancashire Stock Performance

LRE stock traded up GBX 5.67 during trading on Friday, reaching GBX 579.67. The company had a trading volume of 557,222 shares, compared to its average volume of 3,017,445. The firm has a 50-day simple moving average of GBX 607.04 and a 200-day simple moving average of GBX 618.13. The company has a market cap of £1.41 billion, a price-to-earnings ratio of 4.95, a price-to-earnings-growth ratio of 0.21 and a beta of 0.48. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51. Lancashire Holdings Limited has a twelve month low of GBX 549 and a twelve month high of GBX 700.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reissued a "buy" rating and set a GBX 698 price target on shares of Lancashire in a research report on Thursday. The Goldman Sachs Group reduced their price target on shares of Lancashire from GBX 763 to GBX 658 and set a "buy" rating for the company in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of GBX 675.17.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.