Helios Underwriting (LON:HUW) Sets New 52-Week High – Time to Buy?

Helios Underwriting plc (LON:HUW) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 245 and last traded at GBX 237, with a volume of 378893 shares changing hands. The stock had previously closed at GBX 228.50.

Helios Underwriting Stock Performance

The company has a 50-day moving average of GBX 227.52 and a 200-day moving average of GBX 217.04. The stock has a market capitalization of £167.21 million, a price-to-earnings ratio of 8.66 and a beta of 0.02.

Helios Underwriting (LON:HUW) last released its earnings results on Tuesday, September 29th. The company reported GBX 16.05 EPS for the quarter. Helios Underwriting had a net margin of 240.94% and a return on equity of 14.88%. As a group, analysts expect that Helios Underwriting plc will post 36.8921875 earnings per share for the current year.

Insider Activity at Helios Underwriting

In related news, insider John Chambers bought 150,000 shares of Helios Underwriting stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average cost of GBX 238 per share, for a total transaction of £357,000. Corporate insiders own 33.68% of the company’s stock.

About Helios Underwriting

Helios Underwriting plc, together with its subsidiaries, provides a limited liability investment for its shareholders in the Lloyd's insurance market in the United Kingdom. It operates through Syndicate Participation and Investment Management segments. The company participates in the Lloyd's insurance market through a portfolio of Lloyd's syndicates. Its portfolio provides property insurance and reinsurance products. The company was formerly known as Hampden Underwriting Plc and changed its name to Helios Underwriting Plc in January 2014.