Conduit Holdings Limited (LON:CRE) Insider Acquires £116,174.24 in Stock

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert bought 31,916 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of GBX 364 ($4.71) per share, for a total transaction of £116,174.24 ($150,406.84).

Conduit Stock Performance

LON CRE traded down GBX 0.50 ($0.01) on Wednesday, reaching GBX 355.50 ($4.60). 7,139,903 shares of the company’s stock traded hands, compared to its average volume of 1,115,177. Conduit Holdings Limited has a fifty-two week low of GBX 347 ($4.49) and a fifty-two week high of GBX 549.74 ($7.12). The firm has a market cap of £714.72 million, a price-to-earnings ratio of 3.35 and a beta of 0.52. The stock has a 50 day moving average price of GBX 417.81 and a 200-day moving average price of GBX 472.73.

Conduit Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 20th will be issued a dividend of $0.18 per share. This represents a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Conduit’s dividend payout ratio (DPR) is presently 26.41%.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($9.06) target price on shares of Conduit in a research note on Wednesday, February 12th.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.