Lancashire Holdings Ltd (LON:LRE) May Have Just Reached An Inflection Point; RBC Capital Markets Downgrades Shares


Lancashire Holdings Ltd (LON:LRE) Receives a Downgrade

The stock rating of Lancashire Holdings Ltd (LON:LRE) was cut by investment advisers at RBC Capital Markets to a “Underperform”. This has been announced in a recent report issued to clients and investors on 10 December. RBC Capital Markets after the upgrade has a GBX 550 PT on the shares, which may suggest a possible downside of -9.32%.

From a total of 16 analysts covering Lancashire Holdings Ltd (LON:LRE) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 10 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is GBX 13.3 while the lowest target price is GBX 6.3. The mean of all analyst targets is GBX 9.8 with a 7.36% above today’s (GBX 606) stock price. Lancashire Holdings Ltd was the topic of 36 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Westhouse Securities maintained shares on December 8 with “Neutral” rating. J.P. Morgan maintained shares with “Neutral” rating and GBX 630 target share price in a report from a November 30. Bernstein maintained LRE stock in a recent report from December 7 with “Market Perform” rating. JP Morgan maintained the rating on November 30. JP Morgan has a “Neutral” rating and a GBX 630 price target on shares. Finally, Numis Securities downgraded the stock to “Hold” rating in a report issued on a December 3.

Approximately 199,909 shares of stock traded hands. Lancashire Holdings Limited (LON:LRE) has declined 1.82% since May 13, 2015 and is downtrending. It has outperformed by 0.11% the S&P500.

 Lancashire Holdings Ltd (LON:LRE) May Have Just Reached An Inflection Point; RBC Capital Markets Downgrades Shares

The overall sentiment of institutions has increased to 0.88 in Q2 2015. Its up 0.04, from 0.84 in 2015Q2. The ratio is positive, as 10 institutions have sold all the shares of Lancashire Holdings Limited that they owned while 6 funds have taken shares off the table. 8 funds have purchased shares for the first time while 6 added to their positions. These institutions now hold 10.59 million shares or 3.51% less than the 10.97 million shares they owned in 2015Q2.

The Fund Lime Rock Management Lp currently is holding shares equating to 76.63% of its total portfolio in Lancashire Holdings Limited representing a total of 8.57 million shares. Another fund,Arrow Investment Advisors Llc, is holding a total of 169,557 shares equating to 0.17% of their holdings. Additionally, Sphinx Trading Lp has a 20,600 share stake in Lancashire Holdings Limited which represents 0.09% of their total portfolio. The Fund, Ironwood Investment Counsel Llc, based out of Arizona, has also built up a stake in the stock, which represents a total of 0.07% of their total portfolio. Finally Omers Administration Corp, a fund which is based in the state of Ontario – Canada reported a total holdings of 532,630 shares.

Lancashire Holdings Limited, through its wholly owned subsidiaries, is engaged in the provision of global specialty insurance and reinsurance products with activities in the United Kingdom, Bermuda and Canada. The company has a market cap of 1.19 billion GBP. The Firm operates in five business divisions: Property, Energy, Marine, Aviation and Lloyd’s. It has 8.41 P/E ratio.