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Prices & Quotes - UK Markets - Lancashire Holdings Limited (LRE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 504.00p
Change Today:
-9.00p
Market Cap:
1,226.80m
Sector:
Insurance (non-life)

JP Morgan reiterates 'overweight' on Beazley and Hiscox

By Alexander Bueso

Date: Monday 09 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' stance for shares of Beazley and Hiscox, telling clients that the outlook for all three Lloyd's insurers, which also includes Lancashire Holdings, was better than previously guided towards.
That, they argued, should drive a resumption of dividend payouts.

"Looking ahead, we believe that the outlook on growth and pricing momentum are the key re-rating drivers for the sub-sector, which are both tracking well, followed by resumption of dividends at full year results. Within the Lloyd's sub-sector, we prefer Beazley (OW) and Hiscox (OW)."

The positive momentum seen at the insurers over the first half of the year was expected to extend into the back half of 2021, on top of the ongoing growth in premiums.

Indeed, the insurers had suggested that pricing improvements might stretch into 2022 - a key positive for the sub-sector.

In the case of Hiscox specifically, JP Morgan believed the recovery might prove faster, allowing its Retail unit to hit its combined operating ratio target a year earlier.

JP Morgan also lifted its target price for Hiscox from 1,016.0p to 1,155.0p and that for 'neutral' rated Lancashire Holdings from 613.0p to 662.0p.

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LRE Market Data

Currency UK Pounds
Price 504.00p
Change Today -9.00p
52 Week High 763.00p
52 Week Low 494.80p
Volume 534,788
Shares Issued 243.41m
Market Cap 1,226.80m
Beta 0.93

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 9
Buy 1
Neutral 6
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LRE Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Aug-21 06-May-21
Paid 03-Sep-21 04-Jun-21
Amount 5.00¢ 10.00¢

Trades for 26-Nov-2021

Time Volume / Share Price
16:35 82,042 @ 504.00p
16:29 650 @ 506.01p
16:28 1,432 @ 506.50p
16:28 1,216 @ 506.50p
16:28 1,010 @ 506.50p

LRE Key Personnel

CEO Alex Maloney
CFO Natalie Kershaw