Conduit Holdings Limited (LON:CRE) Insider Purchases £199,485 in Stock

Conduit Holdings Limited (LON:CRE) insider Elaine Whelan acquired 58,500 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of GBX 341 ($4.40) per share, for a total transaction of £199,485 ($257,134.57).

Conduit Price Performance

LON CRE opened at GBX 329.50 ($4.25) on Monday. The firm has a market cap of £662.45 million, a P/E ratio of 3.11 and a beta of 0.52. The stock’s 50-day moving average is GBX 399.53 and its two-hundred day moving average is GBX 461.99. Conduit Holdings Limited has a fifty-two week low of GBX 316 ($4.07) and a fifty-two week high of GBX 549.74 ($7.09).

Conduit Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 20th will be issued a $0.18 dividend. The ex-dividend date is Thursday, March 20th. This represents a yield of 3.54%. Conduit’s dividend payout ratio (DPR) is currently 26.41%.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 700 ($9.02) price target on shares of Conduit in a research note on Monday, March 31st.

Conduit Company Profile

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.