Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Buys 1,234 Shares of Stock

Conduit Holdings Limited (LON:CRE - Get Free Report) insider Neil David Eckert purchased 1,234 shares of Conduit stock in a transaction dated Friday, April 5th. The stock was bought at an average cost of GBX 497 ($6.29) per share, with a total value of £6,132.98 ($7,762.28).

Conduit Trading Up 0.6 %

Shares of CRE stock traded up GBX 3 ($0.04) during trading hours on Monday, reaching GBX 499 ($6.32). 302,285 shares of the stock traded hands, compared to its average volume of 375,150. The business has a fifty day moving average price of GBX 497.05 and a 200 day moving average price of GBX 472.26. Conduit Holdings Limited has a 1-year low of GBX 428.32 ($5.42) and a 1-year high of GBX 533 ($6.75). The firm has a market capitalization of £783.33 million, a PE ratio of 530.85 and a beta of 0.49. The company has a quick ratio of 1.19, a current ratio of 0.59 and a debt-to-equity ratio of 0.23.

Conduit Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, March 21st will be given a dividend of $0.18 per share. This represents a yield of 3.06%. The ex-dividend date of this dividend is Thursday, March 21st. Conduit's payout ratio is presently 2,978.72%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on shares of Conduit from GBX 635 ($8.04) to GBX 695 ($8.80) and gave the stock a "buy" rating in a report on Wednesday, February 21st.

Conduit Company Profile

Conduit Holdings Limited, together with its subsidiaries, engages in the reinsurance business in the United States, Europe, and internationally. The company operates in three segments: Property, Casualty, and Specialty. It offers catastrophe and non-catastrophe property business lines; director's and officer's liability, financial institutions liability, general liability, medical malpractice, professional liability, transactional liability; and aviation, contingency, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, specie and fine art, war, whole account, and ceded reinsurance products.