Lancashire (LON:LRE) Sets New 12-Month High After Dividend Announcement

Share on StockTwits

Lancashire Holdings Limited (LON:LRE)’s share price reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 827 ($10.88) and last traded at GBX 807 ($10.62), with a volume of 310555 shares trading hands. The stock had previously closed at GBX 772 ($10.16).

The newly announced dividend which will be paid on Friday, June 5th. Shareholders of record on Thursday, May 7th will be issued a dividend of $0.10 per share. This represents a yield of 0.97%. This is a positive change from Lancashire’s previous dividend of $0.05. The ex-dividend date is Thursday, May 7th. Lancashire’s payout ratio is presently 80.00%.

A number of equities research analysts have weighed in on LRE shares. Royal Bank of Canada boosted their target price on shares of Lancashire from GBX 800 ($10.52) to GBX 850 ($11.18) and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Peel Hunt reissued a “hold” rating on shares of Lancashire in a report on Monday, February 10th. Goldman Sachs Group started coverage on shares of Lancashire in a report on Monday, February 3rd. They set a “buy” rating and a GBX 860 ($11.31) target price on the stock. Investec raised shares of Lancashire to an “add” rating in a report on Wednesday, December 11th. Finally, Shore Capital reissued a “hold” rating on shares of Lancashire in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 733.83 ($9.65).

The company has a debt-to-equity ratio of 31.04, a quick ratio of 1.48 and a current ratio of 2.19. The stock has a market capitalization of $1.61 billion and a P/E ratio of 7,930.00. The stock’s fifty day simple moving average is GBX 763.33 and its two-hundred day simple moving average is GBX 724.74.

About Lancashire (LON:LRE)

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.

Recommended Story: S&P 500 Index

Receive News & Ratings for Lancashire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lancashire and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

KeyCorp Comments on Medical Properties Trust, Inc.’s Q1 2020 Earnings
KeyCorp Comments on Medical Properties Trust, Inc.’s Q1 2020 Earnings
Lancashire  Sets New 12-Month High After Dividend Announcement
Lancashire Sets New 12-Month High After Dividend Announcement
Wendys Co  Short Interest Down 12.1% in January
Wendys Co Short Interest Down 12.1% in January
Piper Sandler Comments on Plains All American Pipeline, L.P.’s Q1 2020 Earnings
Piper Sandler Comments on Plains All American Pipeline, L.P.’s Q1 2020 Earnings
WhiteHorse Finance Inc  Sees Large Increase in Short Interest
WhiteHorse Finance Inc Sees Large Increase in Short Interest
Xenon Pharmaceuticals Inc  Short Interest Update
Xenon Pharmaceuticals Inc Short Interest Update


 
© 2006-2020 Zolmax.