Lancashire (LRE) Reaches New 1-Year Low at $505.00

Shares of Lancashire Holdings Limited (LON:LRE) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 505 ($6.60) and last traded at GBX 552.50 ($7.22), with a volume of 1219763 shares. The stock had previously closed at GBX 587 ($7.67).

A number of brokerages recently issued reports on LRE. Peel Hunt reissued an “add” rating on shares of Lancashire in a report on Friday, June 29th. Shore Capital reissued an “under review” rating on shares of Lancashire in a report on Monday. Numis Securities raised shares of Lancashire to a “buy” rating in a report on Thursday, July 26th. Berenberg Bank raised shares of Lancashire to a “hold” rating and set a GBX 600 ($7.84) price target on the stock in a report on Wednesday, August 22nd. Finally, Barclays increased their price target on shares of Lancashire from GBX 659 ($8.61) to GBX 667 ($8.72) and gave the stock an “equal weight” rating in a report on Wednesday, July 18th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 693.92 ($9.07).

The business also recently disclosed a dividend, which was paid on Wednesday, September 12th. Shareholders of record on Thursday, August 16th were issued a dividend of $0.05 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 16th.

Lancashire Company Profile (LON:LRE)

Lancashire Holdings Limited provides specialty insurance and reinsurance products worldwide. The company operates through five segments: Property, Energy, Marine, Aviation, and Lloyd's. It offers aviation insurance solutions; coverage for upstream operational and construction all risks related to wind, earthquakes, and floods, as well as standalone business interruption coverage; and a range of coverages in marine portfolio, including marine hull, total loss only, mortgagees interests insurance, mortgagees additional perils, excess protection and indemnity, marine war, and builder's risks to high-profile accounts, cruise vessels, and liquid natural gas carriers.

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