Lancashire (LON:LRE) Stock Passes Above 200-Day Moving Average – What’s Next?

Lancashire Holdings Limited (LON:LRE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 615.19 and traded as high as GBX 646.50. Lancashire shares last traded at GBX 636.64, with a volume of 27,571,709 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 698 target price on shares of Lancashire in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lancashire presently has an average rating of “Hold” and an average price target of GBX 675.17.

Lancashire Trading Down 0.6%

The stock has a market capitalization of £1.55 billion, a PE ratio of 5.47, a P/E/G ratio of 0.21 and a beta of 0.47. The company’s 50 day moving average price is GBX 612.23 and its two-hundred day moving average price is GBX 615.90. The company has a debt-to-equity ratio of 31.62, a current ratio of 711.51 and a quick ratio of 1.18.

Insider Buying and Selling at Lancashire

In related news, insider Philip Broadley bought 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 currently owned by corporate 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.