Lancashire (LON:LRE) Reaches New 52-Week Low – Here’s What Happened

by · The Cerbat Gem

Lancashire Holdings Limited (LON:LRE – Get Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 547 ($7.17) and last traded at GBX 549 ($7.19), with a volume of 8428756 shares traded. The stock had previously closed at GBX 583 ($7.64).

Lancashire Price Performance

The firm has a 50 day simple moving average of GBX 602.10 and a 200-day simple moving average of GBX 636.26. The company has a quick ratio of 1.18, a current ratio of 33.62 and a debt-to-equity ratio of 31.26. The company has a market cap of £1.64 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62.

Lancashire Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 20th were issued a dividend of GBX 5 ($0.07) per share. The ex-dividend date was Thursday, March 20th. This is an increase from Lancashire’s previous dividend of $0.15. This represents a yield of 1.05%. Lancashire’s dividend payout ratio is 34.29%.

Insider Activity at Lancashire

In related news, insider Alex Maloney sold 171,526 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 550 ($7.21), for a total transaction of £943,393 ($1,236,101.94). 0.64% of the stock is owned by company insiders.

About Lancashire

(Get Free Report)

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.

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