Lancashire (LON:LRE) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Lancashire Holdings Limited (LON:LRE) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 613 and traded as high as GBX 650.50. Lancashire shares last traded at GBX 650.50, with a volume of 26,072,668 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 698 price target on shares of Lancashire in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lancashire currently has a consensus rating of “Hold” and an average target price of GBX 675.17.

Lancashire Trading Down 1.7%

The firm has a market cap of £1.55 billion, a P/E ratio of 5.47, a price-to-earnings-growth ratio of 0.21 and a beta of 0.44. The company has a quick ratio of 1.18, a current ratio of 711.51 and a debt-to-equity ratio of 31.62. The firm’s 50-day simple moving average is GBX 598.02 and its 200 day simple moving average is GBX 613.19.

Insider Buying and Selling

In related news, insider Philip Broadley acquired 4,225 shares of the stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of GBX 566 per share, with a total value of £23,913.50. Corporate insiders own 4.62% of the company’s stock.

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. 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.