Lancashire (LON:LRE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Lancashire Holdings Limited (LON:LRE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 620.36 and traded as high as GBX 657. Lancashire shares last traded at GBX 649.45, with a volume of 227,579 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 698 price objective on shares of Lancashire in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 675.17.

Lancashire Trading Down 6.6%

The stock has a market cap of £1.50 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The company has a debt-to-equity ratio of 31.62, a quick ratio of 1.18 and a current ratio of 711.51. The company’s 50-day moving average price is GBX 634.79 and its 200 day moving average price is GBX 620.69.

Insider Transactions at Lancashire

In other Lancashire news, insider Philip Broadley bought 4,225 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of GBX 566 per share, with a total value of £23,913.50. 5.32% of the stock is currently 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.