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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)

UBS downgrades Beazley to 'sell' after share price gains

By Michele Maatouk

Date: Tuesday 17 Aug 2021

LONDON (ShareCast) - (Sharecast News) - UBS downgraded its stance on Beazley shares on Tuesday as it took a look at the European insurance sector.
Beazley was cut to 'sell' from 'neutral' after a 15% jump in the share price following results, but the price target was unchanged at 382p. UBS said the company's exposure to at-risk lines and low capital flexibility concerns remain.

UBS said second-quarter/first-half results in the European insurance sector were "robust", beating estimates by 47% on average.

"But heightened July catastrophe losses/increased Covid mortality losses result in reinsurers FY21E EPS downgrades, mixed forward EPS changes," it said. "Given hurricane season timing, and with budgets already expected to be fully consumed by YE, timing is not right to be bullish the sub-sector."

The bank reiterated its preference for Munich and Hannover Re, given solvency and capital flexibility coupled with growth, as well as Hiscox and Lancashire. For Hiscox, it pointed to a retail recovery and more robust capital level and for Lancashire, a hardening market theme.

All four stocks are rated 'buy' at UBS.

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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

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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