Lancashire (LON:LRE) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Lancashire Holdings Limited stock has surpassed its 200-day moving average, trading at GBX 627 ($8.43) and reaching a high of GBX 629.23 ($8.46) recently.
• Recent analyst reports have seen Citigroup lower their price target to GBX 656 ($8.82) while maintaining a "buy" rating, and Berenberg Bank initiating coverage with a "hold" rating and a target of GBX 670 ($9.00).
• Insider transactions include purchases by Philip Broadley and Sally Williams, indicating confidence from insiders, though they hold only 0.64% of the company’s stock.

Lancashire Holdings Limited (LON:LRE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 595.66 ($7.96) and traded as high as GBX 629.23 ($8.41). Lancashire shares last traded at GBX 627 ($8.38), with a volume of 4,386,372 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LRE shares. Citigroup reduced their price target on Lancashire from GBX 709 ($9.47) to GBX 656 ($8.76) and set a "buy" rating on the stock in a research report on Thursday, July 10th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Lancashire in a research note on Friday, July 18th. Finally, Berenberg Bank started coverage on Lancashire in a research note on Thursday, May 29th. They issued a "hold" rating and a GBX 670 ($8.95) price objective on the stock.

Lancashire Trading Up 1.4%

The stock's 50-day moving average price is GBX 593.61 and its 200 day moving average price is GBX 595.03. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The firm has a market capitalization of £1.91 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62.

Insider Buying and Selling

In related news, insider Philip Broadley purchased 1,800 shares of the company's stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of GBX 583 ($7.79) per share, for a total transaction of £10,494 ($14,020.04). Also, insider Sally Williams acquired 868 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were bought at an average cost of GBX 575 ($7.68) per share, for a total transaction of £4,991 ($6,668.00). Corporate insiders own 0.64% of the company's stock.

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.