Lancashire Holdings Limited (LON:LRE) Announces Dividend Increase – $0.75 Per Share

Lancashire Holdings Limited (LON:LRE) declared a dividend on Wednesday, November 6th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given a dividend of $0.75 per share on Friday, December 13th. This represents a dividend yield of 9.18%. The ex-dividend date is Thursday, November 14th. This is an increase from Lancashire’s previous dividend of $0.08. The official announcement can be viewed at this link.

Lancashire Trading Up 7.3 %

Lancashire stock traded up GBX 46 ($0.60) during midday trading on Wednesday, hitting GBX 675 ($8.79). 3,240,759 shares of the stock were exchanged, compared to its average volume of 731,279. The company has a current ratio of 25.01, a quick ratio of 1.18 and a debt-to-equity ratio of 30.12. The stock’s 50-day simple moving average is GBX 663.52 and its 200 day simple moving average is GBX 631.69. Lancashire has a fifty-two week low of GBX 559 ($7.28) and a fifty-two week high of GBX 721 ($9.39). The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 557.72, a PEG ratio of 0.21 and a beta of 0.62.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.41) price objective on shares of Lancashire in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 781 ($10.17).

Insider Activity at Lancashire

In other news, insider Michael George Dawson bought 10,000 shares of Lancashire stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of GBX 610 ($7.94) per share, with a total value of £61,000 ($79,406.40). 0.64% of the stock is currently owned by company insiders.

Lancashire Company Profile

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.