Lancashire (LON:LRE) Insider Acquires £10,993.50 in Stock

Lancashire Holdings Limited (LON:LRE) insider Philip Broadley acquired 1,745 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of GBX 630 per share, with a total value of £10,993.50.

Lancashire Price Performance

Shares of LRE stock opened at GBX 621.64 on Friday. The company has a market capitalization of £1.51 billion, a PE ratio of 4.82, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The firm’s 50-day moving average is GBX 621.11 and its two-hundred day moving average is GBX 615.84. Lancashire Holdings Limited has a 12 month low of GBX 549 and a 12 month high of GBX 700.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 698 price objective on shares of Lancashire in a research report on Wednesday, July 29th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 700 target price on shares of Lancashire in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 664.33.

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.