Lancashire (LON:LRE) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 619.07 and traded as high as GBX 655. Lancashire shares last traded at GBX 643.19, with a volume of 510,568 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 698 price objective on shares of Lancashire in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lancashire has a consensus rating of “Hold” and an average target price of GBX 675.17.

Lancashire Price Performance

The stock’s 50-day moving average is GBX 622.49 and its 200 day moving average is GBX 619.07. The stock has a market capitalization of £1.56 billion, a PE ratio of 5.50, a P/E/G ratio of 0.21 and a beta of 0.46. The company has a quick ratio of 1.18, a current ratio of 711.51 and a debt-to-equity ratio of 31.62.

Insider Activity

In related news, insider Philip Broadley purchased 4,225 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of GBX 566 per share, for a total transaction of £23,913.50. 5.32% of the stock is owned by company insiders.

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.