Lancashire (LON:LRE) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Lancashire Holdings Limited (LON:LRE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 648.71 ($8.10) and traded as high as GBX 653 ($8.15). Lancashire shares last traded at GBX 644 ($8.04), with a volume of 236,950 shares changing hands.

Lancashire Price Performance

The company has a debt-to-equity ratio of 30.12, a current ratio of 25.01 and a quick ratio of 1.18. The company’s 50-day simple moving average is GBX 648.29 and its 200-day simple moving average is GBX 648.71. The company has a market cap of £1.55 billion, a price-to-earnings ratio of 569.91, a P/E/G ratio of 0.21 and a beta of 0.62.

Lancashire Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.75 per share. This is a boost from Lancashire’s previous dividend of $0.08. This represents a dividend yield of 9.18%. The ex-dividend date of this dividend was Thursday, November 14th. Lancashire’s dividend payout ratio is 1,592.92%.

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.