Lancashire Holdings Limited (LON:LRE – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 613 and traded as high as GBX 650.50. Lancashire shares last traded at GBX 650.50, with a volume of 26,072,668 shares.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 698 price target on shares of Lancashire in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 675.17.
Lancashire Price Performance
Insider Transactions at Lancashire
In other Lancashire news, insider Philip Broadley acquired 4,225 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of GBX 566 per share, with a total value of £23,913.50. 4.62% of the stock is owned by company insiders.
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. The company also provides Marine Builders Risk, marine hull, total loss and war, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks; and energy insurance products covering upstream operational, downstream and onshore operational, and upstream construction all risks business.
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