Lancashire Holdings Limited (LON:LRE) announced a dividend on Wednesday, July 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 13th will be paid a dividend of $0.05 per share on Friday, September 11th. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 13th. The official announcement can be accessed at this link.
Shares of LRE opened at GBX 772 ($9.50) on Thursday. Lancashire has a 52 week low of GBX 7.99 ($0.10) and a 52 week high of GBX 852.50 ($10.49). The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 13.31. The company has a debt-to-equity ratio of 29.02, a quick ratio of 0.82 and a current ratio of 1.35. The stock has a fifty day moving average of GBX 812.70 and a 200-day moving average of GBX 714.08.
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price target on Lancashire from GBX 710 ($8.74) to GBX 850 ($10.46) and gave the company an “overweight” rating in a research note on Monday, June 22nd. Royal Bank of Canada increased their price target on Lancashire from GBX 725 ($8.92) to GBX 1,050 ($12.92) and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Lancashire in a research report on Monday, April 27th. UBS Group reaffirmed a “buy” rating on shares of Lancashire in a research report on Monday. Finally, Shore Capital reaffirmed an “under review” rating on shares of Lancashire in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Lancashire presently has a consensus rating of “Hold” and a consensus target price of GBX 804 ($9.89).
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and coverage in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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