Conduit Holdings Limited (LON:CRE) Insider Acquires £45,360 in Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey acquired 9,000 shares of the stock in a transaction dated Monday, March 25th. The stock was acquired at an average price of GBX 504 ($6.37) per share, with a total value of £45,360 ($57,323.39).

Conduit Trading Down 0.2 %

Shares of CRE opened at GBX 518 ($6.55) on Friday. The firm has a market cap of £813.16 million, a price-to-earnings ratio of 551.06 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 0.59. Conduit Holdings Limited has a fifty-two week low of GBX 428.32 ($5.41) and a fifty-two week high of GBX 533 ($6.74). The firm has a 50 day moving average price of GBX 492.99 and a 200-day moving average price of GBX 470.32.

Conduit Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, March 21st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a yield of 3.06%. Conduit’s dividend payout ratio is currently 2,978.72%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price objective on shares of Conduit from GBX 635 ($8.02) to GBX 695 ($8.78) and gave the stock a “buy” rating in a report on Wednesday, February 21st.

Conduit Company Profile

Conduit Holdings Limited, together with its subsidiaries, engages in the reinsurance business in the United States, Europe, and internationally. The company operates in three segments: Property, Casualty, and Specialty. It offers catastrophe and non-catastrophe property business lines; director's and officer's liability, financial institutions liability, general liability, medical malpractice, professional liability, transactional liability; and aviation, contingency, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, specie and fine art, war, whole account, and ceded reinsurance products.