Insider Selling: Lancashire Holdings Limited (LRE) Insider Sells £393,991 in Stock
Lancashire Holdings Limited (LON:LRE) insider Maloney ,Alex sold 60,614 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of GBX 650 ($8.48), for a total value of £393,991 ($514,281.43).
Lancashire Holdings Limited (LON:LRE) opened at 676.50 on Tuesday. The company’s market cap is GBX 1.34 billion. Lancashire Holdings Limited has a 12-month low of GBX 467.00 and a 12-month high of GBX 772.90. The stock has a 50 day moving average of GBX 633.00 and a 200 day moving average of GBX 579.71.
A number of equities analysts have recently weighed in on LRE shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 565 ($7.38) target price on shares of Lancashire Holdings Limited in a research note on Thursday, July 28th. Peel Hunt boosted their target price on Lancashire Holdings Limited from GBX 585 ($7.64) to GBX 590 ($7.70) and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. HSBC boosted their target price on Lancashire Holdings Limited from GBX 680 ($8.88) to GBX 730 ($9.53) and gave the stock a “buy” rating in a research note on Wednesday, June 29th. Royal Bank Of Canada upgraded Lancashire Holdings Limited to a “sector performer” rating and boosted their target price for the stock from GBX 500 ($6.53) to GBX 625 ($8.16) in a research note on Thursday, September 1st. Finally, Barclays PLC restated an “underweight” rating on shares of Lancashire Holdings Limited in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 645.71 ($8.43).
About Lancashire Holdings Limited
Lancashire Holdings Limited is a United Kingdom-based company, which is engaged in the provision of global specialty insurance and reinsurance products. The Company operates through five segments: Lloyd’s, Property, Energy, Marine and Aviation. The Company operates as a specialty insurer/reinsurer operating across three platforms: Lancashire, Cathedral and Kinesis.
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