Lancashire (LON:LRE) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Lancashire Holdings Limited's share price surpassed its 200-day moving average during recent trading, reaching a high of GBX 632 ($8.40) before closing at GBX 630.90 ($8.39).
• Analysts from Berenberg Bank set a "hold" rating with a price objective of GBX 670 ($8.90), while Citigroup lowered their target from GBX 709 ($9.42) to GBX 656 ($8.72) but maintained a "buy" rating.
• In insider trading news, Sally Williams acquired 868 shares at an average price of GBX 575 ($7.64), totaling approximately £4,991 ($6,633.44), representing 0.64% of the stock owned by insiders.

Lancashire Holdings Limited (LON:LRE - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 594.65 ($8.00) and traded as high as GBX 632 ($8.50). Lancashire shares last traded at GBX 630.90 ($8.49), with a volume of 764,377 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on LRE shares. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 750 ($10.09) price target on shares of Lancashire in a research note on Thursday. Citigroup lowered their price objective on Lancashire from GBX 709 ($9.54) to GBX 656 ($8.82) and set a "buy" rating for the company in a research note on Thursday, July 10th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 670 ($9.01) price objective on shares of Lancashire in a research note on Thursday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Lancashire in a research note on Friday, July 18th.

Lancashire Price Performance

The stock has a 50 day moving average of GBX 598.33 and a 200-day moving average of GBX 594.60. The stock has a market capitalization of £1.85 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a current ratio of 33.62, a quick ratio of 1.18 and a debt-to-equity ratio of 31.26.

Insider Buying and Selling

In related news, insider Sally Williams purchased 868 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were acquired at an average cost of GBX 575 ($7.73) per share, for a total transaction of £4,991 ($6,712.84). 0.64% of the stock is owned by insiders.

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.