Lancashire Holdings Limited (LON:LRE) Announces Dividend of $0.75

Lancashire Holdings Limited (LON:LRE) announced a dividend on Wednesday, November 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, November 14th will be given a dividend of $0.75 per share on Friday, December 13th. This represents a yield of 9.18%. The ex-dividend date is Thursday, November 14th. This is a positive change from Lancashire’s previous dividend of $0.08. The official announcement can be accessed at this link.

Lancashire Stock Down 1.3 %

LON:LRE opened at GBX 661 ($8.60) on Thursday. Lancashire has a 1-year low of GBX 559 ($7.28) and a 1-year high of GBX 721 ($9.39). The company has a 50-day moving average of GBX 663.38 and a 200 day moving average of GBX 632.41. The firm has a market cap of £1.59 billion, a PE ratio of 592.92, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The company has a debt-to-equity ratio of 30.12, a current ratio of 25.01 and a quick ratio of 1.18.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 800 ($10.41) price objective on shares of Lancashire in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lancashire presently has an average rating of “Moderate Buy” and an average price target of GBX 781 ($10.17).

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.