Shares of Lancashire Holdings Limited (LON:LRE – Get Free Report) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 768 ($9.71).
A number of research firms recently weighed in on LRE. Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.11) price objective on shares of Lancashire in a research report on Friday, March 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 750 ($9.48) price target on shares of Lancashire in a research note on Thursday, March 7th.
View Our Latest Research Report on Lancashire
Lancashire Stock Up 0.2 %
Lancashire Announces Dividend
The business also recently declared a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 5.86%. Lancashire’s dividend payout ratio (DPR) is presently 1,523.81%.
About Lancashire
Lancashire Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products in London, Bermuda, and Australia. The company operates through five segments: Property and Casualty Reinsurance, Property and Casualty Insurance, Aviation, Energy, and Marine. It offers property direct and facultative, property political risk and sovereign risk, and property terrorism and political violence insurance products, as well as property reinsurance services; and aviation AV52, aviation consortium, airline hull and liability, and satellite insurance products.
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