A number of other equities research analysts have also commented on the stock. Canaccord Genuity reaffirmed a buy rating and issued a GBX 675 ($8.82) price objective on shares of Lancashire in a research note on Friday, November 2nd. Berenberg Bank reiterated a buy rating and set a GBX 675 ($8.82) target price on shares of Lancashire in a research report on Monday, December 10th. UBS Group lowered their price objective on shares of Lancashire from GBX 660 ($8.62) to GBX 640 ($8.36) and set a buy rating on the stock in a report on Tuesday, October 9th. Numis Securities restated a buy rating and set a GBX 765 ($10.00) price objective on shares of Lancashire in a report on Monday, October 8th. Finally, Barclays lowered their price objective on shares of Lancashire from GBX 636 ($8.31) to GBX 623 ($8.14) and set an equal weight rating on the stock in a report on Thursday, December 13th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Lancashire currently has an average rating of Buy and a consensus target price of GBX 669.91 ($8.75).
Shares of LON:LRE remained flat at $GBX 662.50 ($8.66) during midday trading on Monday. 1,457,523 shares of the stock traded hands, compared to its average volume of 1,020,000. Lancashire has a one year low of GBX 542.50 ($7.09) and a one year high of GBX 773.50 ($10.11).
The firm also recently announced a dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, February 21st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, February 21st. This represents a yield of 1.23%.
In other Lancashire news, insider Elaine Whelan sold 1,334 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of GBX 650 ($8.49), for a total transaction of £8,671 ($11,330.20).
Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and a range of coverages in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.
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