Lancashire (LON:LRE) Sets New 1-Year High – Still a Buy?

Lancashire Holdings Limited (LON:LRE) shares hit a new 52-week high during mid-day trading on Friday. The stock traded as high as GBX 694.50 and last traded at GBX 691, with a volume of 19,163 shares trading hands. The stock had previously closed at GBX 684.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank Of Canada dropped their target price on shares of Lancashire from GBX 580 to GBX 560 and set an “underperform” rating on the stock in a report on Thursday, July 30th. Berenberg Bank reiterated a “hold” rating and issued a GBX 700 price target on shares of Lancashire in a report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 691 price objective on shares of Lancashire in a research report on Tuesday, October 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 663.17.

Lancashire Stock Performance

The company has a market cap of £1.67 billion, a P/E ratio of 5.33, a PEG ratio of 0.21 and a beta of 0.46. The company has a fifty day moving average price of GBX 644.12 and a two-hundred day moving average price of GBX 624.48.

Insiders Place Their Bets

In other news, insider Philip Broadley purchased 1,745 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of GBX 630 per share, with a total value of £10,993.50. Insiders own 5.31% of the company’s stock.

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.