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An update from Lancashire Holdings ( (GB:LRE) ) is now available.
Lancashire Holdings has received an upgrade from S&P Global Ratings, which raised the long-term issuer credit and financial strength ratings of its core (re)insurance operating subsidiaries to ‘A’ from ‘A-’, and the long-term issuer credit rating on the holding company to ‘BBB+’ from ‘BBB’, with a stable outlook. S&P cited Lancashire’s broader product offerings, expanded geographic footprint and increased presence in less-volatile lines as factors improving portfolio resilience and earnings quality, and said the higher ratings reflect confidence in the group’s ability to sustain stronger operating earnings while executing its diversification strategy and maintaining robust enterprise risk management as it grows into new business lines and regions.
The most recent analyst rating on (GB:LRE) stock is a Buy with a £649.00 price target. To see the full list of analyst forecasts on Lancashire Holdings stock, see the GB:LRE Stock Forecast page.
Spark’s Take on GB:LRE Stock
According to Spark, TipRanks’ AI Analyst, GB:LRE is a Outperform.
Lancashire Holdings demonstrates strong financial performance and attractive valuation metrics, with a low P/E ratio and high dividend yield. Despite technical indicators suggesting a bearish trend, the company’s strategic growth initiatives and insider confidence provide a positive outlook. Challenges from industry losses and market conditions are mitigated by a robust capital position.
To see Spark’s full report on GB:LRE stock, click here.
More about Lancashire Holdings
Lancashire Holdings is a Bermuda-headquartered provider of global specialty insurance and reinsurance products, with shares listed on the Main Market of the London Stock Exchange under the ticker LRE. The group operates under the supervision of the Bermuda Monetary Authority and focuses on niche (re)insurance lines across multiple regions.
Average Trading Volume: 861,647
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.51B
See more data about LRE stock on TipRanks’ Stock Analysis page.