Lancashire Holdings Limited (LON:LRE – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 768 ($9.56).
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 750 ($9.34) target price on shares of Lancashire in a report on Thursday, March 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 ($9.96) target price on shares of Lancashire in a report on Friday, March 8th.
Check Out Our Latest Stock Analysis on Lancashire
Lancashire Stock Up 1.4 %
Lancashire Dividend Announcement
The business also recently declared a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 9th. This represents a yield of 5.86%. Lancashire’s dividend payout ratio is currently 1,523.81%.
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.
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