Lancashire - LRE Share Forecast, Price & News

Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products. The company also provides marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream, downstream and onshore operational, and upstream construction all risks business. In addition, it offers general insurance, support, insurance agent, and insurance mediation services. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Berenberg Bank restated a "buy" rating and set a GBX 700 ($8.46) price target on shares of Lancashire in a research note on Thursday, July 28th. Royal Bank of Canada upped their price target on Lancashire from GBX 525 ($6.34) to GBX 550 ($6.65) and gave the company an "outperform" rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 620 ($7.49) price target on shares of Lancashire in a research report on Thursday, July 28th. Barclays boosted their target price on shares of Lancashire from GBX 487 ($5.88) to GBX 528 ($6.38) and gave the company an "equal weight" rating in a research note on Monday. Finally, Morgan Stanley restated an "underweight" rating on shares of Lancashire in a research note on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 580.29 ($7.01).

Lancashire Price Performance

Lancashire stock traded up GBX 3.40 ($0.04) on Tuesday, reaching GBX 482 ($5.82). The company's stock had a trading volume of 283,702 shares, compared to its average volume of 858,115. The business's fifty day moving average price is GBX 409.57 and its 200 day moving average price is GBX 422.59. The company has a debt-to-equity ratio of 33.57, a quick ratio of 1.18 and a current ratio of 1.75. Lancashire has a twelve month low of GBX 342.40 ($4.14) and a twelve month high of GBX 667 ($8.06). The company has a market cap of £1.18 billion and a price-to-earnings ratio of -22.74.

Lancashire Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 2nd. Shareholders of record on Thursday, August 4th will be given a $0.05 dividend. This represents a yield of 0.96%. The ex-dividend date is Thursday, August 4th. Lancashire's payout ratio is presently -0.75%.