Lancashire (LON:LRE) Shares Cross Above 200 Day Moving Average – Time to Sell?

Lancashire Holdings Limited (LON:LRE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 619.07 and traded as high as GBX 655. Lancashire shares last traded at GBX 643.19, with a volume of 510,568 shares changing hands.

Wall Street Analyst Weigh In

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

Lancashire Trading Down 1.6%

The firm’s 50-day simple moving average is GBX 622.49 and its 200-day simple moving average is GBX 619.07. The firm has a market capitalization of £1.56 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 0.21 and a beta of 0.46. The company has a quick ratio of 1.18, a current ratio of 711.51 and a debt-to-equity ratio of 31.62.

Insider Transactions at Lancashire

In related news, insider Philip Broadley purchased 4,225 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of GBX 566 per share, with a total value of £23,913.50. 5.32% of the stock is currently owned by insiders.

About Lancashire

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.