Lancashire (LON:LRE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Lancashire Holdings Limited (LON:LRE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 646.70 ($7.87) and traded as high as GBX 660 ($8.03). Lancashire shares last traded at GBX 660 ($8.03), with a volume of 279,419 shares trading hands.

Lancashire Stock Performance

The company has a market capitalization of £1.59 billion, a PE ratio of 587.61, a price-to-earnings-growth ratio of 0.21 and a beta of 0.62. The stock’s fifty day simple moving average is GBX 648.64 and its 200-day simple moving average is GBX 647.06. The company has a debt-to-equity ratio of 30.12, a quick ratio of 1.18 and a current ratio of 25.01.

Lancashire Increases Dividend

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

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.