Lancashire Holdings Limited (LON:LRE) Declares Dividend Increase – $0.75 Per Share

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

Lancashire Stock Performance

LON:LRE opened at GBX 673 ($8.66) on Wednesday. The stock has a 50-day simple moving average of GBX 663.72 and a two-hundred day simple moving average of GBX 634.51. The company has a debt-to-equity ratio of 30.12, a quick ratio of 1.18 and a current ratio of 25.01. Lancashire has a 52-week low of GBX 559 ($7.19) and a 52-week high of GBX 721 ($9.28). The firm has a market capitalization of £1.62 billion, a PE ratio of 597.35, a P/E/G ratio of 0.21 and a beta of 0.62.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($10.29) target price on shares of Lancashire in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 781 ($10.05).

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.