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.

Analysts Set New Price Targets

Several analysts have recently weighed in on LRE shares. Morgan Stanley reissued an "underweight" rating on shares of Lancashire in a report on Tuesday, April 26th. Barclays raised their target price on Lancashire from GBX 482 ($5.82) to GBX 487 ($5.88) and gave the stock an "equal weight" rating in a research report on Wednesday, July 6th. Berenberg Bank restated a "buy" rating and set a GBX 700 ($8.46) target price on shares of Lancashire in a research report on Thursday, July 28th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 620 ($7.49) target price on shares of Lancashire in a research report on Thursday, July 28th. Finally, Royal Bank of Canada raised their target price on Lancashire from GBX 525 ($6.34) to GBX 550 ($6.65) and gave the stock an "outperform" rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 574.43 ($6.94).

Lancashire Trading Up 2.3 %

Shares of LRE Stock traded up GBX 10.70 ($0.13) on Friday, reaching GBX 481.70 ($5.82). 276,327 shares of the stock were exchanged, compared to its average volume of 863,462. The stock has a market cap of £1.18 billion and a PE ratio of -22.22. Lancashire has a one year low of GBX 342.40 ($4.14) and a one year high of GBX 686.50 ($8.30). The company has a debt-to-equity ratio of 33.57, a current ratio of 1.75 and a quick ratio of 1.18. The stock has a 50 day moving average price of GBX 405.98 and a 200 day moving average price of GBX 424.97.

Lancashire Cuts Dividend

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