Lancashire (LON:LRE) Sets New 1-Year Low – What’s Next?

Shares of Lancashire Holdings Limited (LON:LRE) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 547 ($7.05) and last traded at GBX 549 ($7.08), with a volume of 8428756 shares changing hands. The stock had previously closed at GBX 583 ($7.52).

Lancashire Trading Down 6.7 %

The company’s 50 day simple moving average is GBX 600.10 and its 200 day simple moving average is GBX 634.93. The company has a debt-to-equity ratio of 31.26, a current ratio of 33.62 and a quick ratio of 1.18. The firm has a market cap of £1.64 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.21 and a beta of 0.62.

Lancashire Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 20th were issued a dividend of GBX 5 ($0.06) per share. This is an increase from Lancashire’s previous dividend of $0.15. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 1.05%. Lancashire’s dividend payout ratio is 34.29%.

Insider Buying and Selling at Lancashire

In other Lancashire news, insider Alex Maloney sold 171,526 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 550 ($7.09), for a total transaction of £943,393 ($1,216,496.45). 0.64% of the stock is owned by corporate 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.