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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lancashire Holdings Limited | LSE:LRE | London | Ordinary Share | BMG5361W1047 | COM SHS USD0.50 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.00 | 0.18% | 567.00 | 794,427 | 16:35:17 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 563.00 | 566.00 | 577.00 | 562.00 | 577.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fire, Marine, Casualty Ins | USD 449.1M | USD 321.5M | USD 1.3460 | 4.20 | 1.35B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:45:04 | O | 1,765 | 567.39 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 28/3/2024 | 16:45 | UKREG | Lancashire Holdings Ltd - Notice of AGM |
| 22/3/2024 | 14:03 | UKREG | Lancashire Holdings Ltd - Director/PDMR Shareholding |
| 21/3/2024 | 13:41 | UKREG | Lancashire Holdings Ltd - Notice of Q1 2024 Trading Statement and.. |
| 19/3/2024 | 15:25 | UKREG | Lancashire Holdings Ltd - Director/PDMR Shareholding |
| 15/3/2024 | 14:07 | UKREG | Lancashire Holdings Ltd - Director/PDMR Shareholding |
| 15/3/2024 | 12:15 | ALNC |  IN THE KNOW: Direct Line bid shows appetite for undervalued UK assets |
| 13/3/2024 | 14:11 | UKREG | Lancashire Holdings Ltd - Director/PDMR Shareholding |
| 13/3/2024 | 14:08 | UKREG | Lancashire Holdings Ltd - Director/PDMR Shareholding |
| 06/3/2024 | 09:59 | ALNC | Lancashire Holdings swings to annual profit as insurance demand grows |
| 06/3/2024 | 07:30 | UKREG | Lancashire Holdings Ltd - Board Committee Changes |
Lancashire (LRE) Share Charts1 Year Lancashire Chart |
|
1 Month Lancashire Chart |
Intraday Lancashire Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/4/2024 | 17:52 | Now time to buy Lancashire Holdings | 1,531 |
| 23/6/2011 | 05:22 | Lancashire Holdings General Discussion with Charts | 15 |
| 10/12/2007 | 11:24 | lancashire holdings | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-18 17:45:08 | 567.39 | 1,765 | 10,014.43 | O |
| 2024-04-18 17:45:06 | 567.11 | 4,270 | 24,215.60 | O |
| 2024-04-18 17:14:56 | 566.03 | 5,244 | 29,682.61 | O |
| 2024-04-18 17:11:27 | 566.04 | 17,628 | 99,781.35 | O |
| 2024-04-18 16:58:06 | 567.00 | 4,169 | 23,638.23 | O |
| Top Posts |
|---|
Posted at 18/4/2024 09:20 by Lancashire Daily Update Lancashire Holdings Limited is listed in the Fire, Marine, Casualty Ins sector of the London Stock Exchange with ticker LRE. The last closing price for Lancashire was 566p.Lancashire currently has 238,863,740 shares in issue. The market capitalisation of Lancashire is £1,349,580,131. Lancashire has a price to earnings ratio (PE ratio) of 4.20. This morning LRE shares opened at 577p |
Posted at 26/3/2024 14:33 by feddie Hopefully the Dali, the container ship that collided with a bridge in Baltimore (US) is not insured by LRE. The damage appears to be significant. |
Posted at 12/3/2024 08:25 by cwa1 Featured in the Questor column of The Telegraph today as a strong "hold"...This insurer proved its mettle and its special dividends are investors’ reward Questor share tip: Lancashire navigated low interest rates and natural disasters; now it can benefit from higher premiums as rivals drop out Russ Mould 11 March 2024 • 8:00pm Related Topics Insurance industry, Share tips, Natural disasters 59 It really has to be good for this Yorkshireman to extol the virtues of anything to do with Lancashire but last week’s full-year results from Lancashire Holdings, the Lloyd’s of London syndicate manager, appear to more than justify our faith in the stock since our tip in May 2021. We have needed plenty of patience, but the shares are trading at their highest level in more than three years. Strong price increases, higher investment returns (thanks in part to higher bond yields) and skilled underwriting in its specialist areas of insuring (and reinsuring) across aviation, property, marine and energy are all turning into healthy profits at the manager of the Lloyd’s 2010 and 3010 syndicates. Higher claims owing to natural disasters, higher repair costs thanks to inflation and higher costs of capital are all undeniable challenges for non-life insurers (and reinsurers) such as Lancashire. But this combination is also taking capacity out of the insurance market at a time when demand is increasing. As a result, for those players strong enough and smart enough to withstand the storm, headline insurance rates are rising, and savvy specialists such as Lancashire are achieving rapid premium growth as a result. Gross premiums written rose by 17pc in 2023, thanks to firm pricing and what chief executive Alex Maloney termed “the best market conditions we have seen for a decade”. Meanwhile, natural disasters in America, New Zealand and Turkey have not led to losses of any great substance relative to the company’s capital base or book of business. In 2023 net losses from catastrophe, weather and large loss events came to just $106m, down from $329m in 2022, when Hurricane Ian alone cost the company $181m. This is all helping to boost the “combined ratio”, a key measure of profitability for the industry. A combined ratio of less than 100pc means the insurer is in profit and a figure above it means the insurer is in loss. Higher interest rates, and costs of capital, have not just helped Lancashire by draining away supply from the market. They have driven up bond yields and provided the FTSE 250 company with a second tailwind in the form of higher returns on its $2.5bn investment portfolio. As a result of all these trends, profits have surged once more. After two fallow storm-and-war-tossed years, Lancashire has just made its highest profits for a decade. Consequently, the company is increasing its cash returns to shareholders. An increase in the final dividend to $0.15 from $0.10 in 2022, an interim dividend of $0.05 and two special dividends of $0.50 apiece take the total payment for 2023 to $1.15, or around 90p, enough for a 14.2pc yield at the current share price for anyone who bags all four payments. This marks a return to form for Lancashire, which had last paid a special dividend in 2018. But even though profits may be at a decade high, the share price is around a quarter below its record level. Perhaps this is because the dividend has yet to return to the record highs of more than a decade ago. Perhaps it is because investors simply do not believe the company can continue to generate the profits it is making, and dividends it is paying, at a time of ever-growing concern over war in eastern Europe and the Middle East, increased tension between the West and China, not least over Taiwan, and climate change. Yet Lancashire proved its skill during the very tough period of 2017-22 when interest rates were zero, investment returns minimal and catastrophe losses elevated. The company negotiated all those challenges and has begun to reap the benefits as demand rises at a time of crimped capacity, thanks to those very same fallow years. City analysts do expect further increases in profits, thanks to the growth in gross premiums written seen in the past two to three years, while the development of Lancashire’s American business is laying a path for further expansion. Nor should it be forgotten that Lancashire was incorporated nineteen years ago when it seemed as if the catastrophe insurance market was on its knees, in the wake of Hurricanes Katrina, Rita and Wilma. The decision to raise $1bn in capital and start to underwrite business paid off handsomely. The company has since declared more than 900p a share in dividends, including the final and the second special announced alongside the 2023 results, a figure that exceeds the current share price, so its long-term record stands up well. There is still much to like about Lancashire. Hold. Questor says: hold Ticker: LRE Share price at close: 634p |
Posted at 06/3/2024 08:32 by feddie Not clear why the share price is lower this morning. Was there an expectation of a larger special dividend? Was it a disappointment that the $50m buyback was not completed? No idea. |
Posted at 16/11/2023 10:53 by csalvage RBC raises Lancashire price target to 825 (800) pence - 'outperform'-- |
Posted at 09/11/2023 10:43 by speedsgh "Lancashire’s Board of Directors has declared a special dividend of $0.50 per common share (approximately £0.41 per common share at the current exchange rate), which will result in an aggregate payment of approximately $119 million."41p / 657.5p = 6.2% |
Posted at 11/8/2023 16:18 by km18 Lancashire Holdings Plc posted solid HY23 Results earlier this week. Gross premiums written increased by 26.2% to $1,184 million, insurance revenue was up to $720.9 million from $579.8m. Profit after tax reached $159.2 million up from $31m a year ago. The combined ratio dipped to 71.4% while net investment returns moved back into positive territory at +2.2%. An interim dividend of $0.05 per share was also announced. Valuation looks very attractive with forward PE ratio at 5.9x top quartile for the Insurance market. The share price has been drifting sideways for nearly a year now and lacks some positive momentum accordingly. Other than that, there is a lot to like and LRE looks well worth buying for the longer run, although there is no particular rush here......from WealthOracle |
Posted at 24/8/2022 10:30 by ppreston1 Credit Suisse raises Lancashire price target to 725 (675) pence - 'outperform' |
Posted at 28/4/2022 11:24 by medieval blacksmith If the figures presented to me on Sharescope are correct this company has made post-tax profits in the last five years of (£70.6m), £37.6m, £118.2m, £4.5m and (£61.6m).A five year cumulative profit of £28.1m. And again we have: "Intention to purchase own shares Pursuant to and in accordance with the general authority granted by shareholders at Lancashire's Annual General Meeting held on 27 April 2022, Lancashire intends to purchase up to 3,000,000 of its common shares of $0.50 each in order to satisfy a number of future exercises of awards under its Restricted Share Scheme. A further announcement in accordance with Listing Rule 12.4 will be made in due course." Well, if they max out on purchase at current price that is £13.5M approx. So they are spending almost half the last 5 years' cumulative profits to buy shares for the executives and such. This comes off the back of another share repurchase scheme reminded to us in November 21: "Pursuant to and in accordance with the general authority granted by shareholders at Lancashire's Annual General Meeting held on 28 April 2021, Lancashire intends to purchase up to 1,000,000 of its common shares of $0.50 each in order to satisfy a number of future exercises of awards under its Restricted Share Scheme. A further announcement in accordance with Listing Rule 12.4 will be made in due course." What have they done to deserve these bonuses? If they take fat remuneration during good years they should be receiving none in lean years! Oh well, they would say, we are just buying them now to hold them in treasury for donkeys' years whilst they are cheap. Yeah right! Maloney has already cashed in £1M in options in the last 12 months! Does he remember he came crawling to shareholders for money in 2020 which diluted and didn't deliver. Bad luck is it or is it a slackening of underwriting criteria to get earnings up? This is becoming too much 'snouts in the trough' for my liking. Deliver the goods to shareholders and then, AND ONLY THEN, you should start thinking about your gluttonous share options and share repurchases - not the other way around. Maloney has been a good CEO for sure, but that doesn't give him the mandate to do this IMO. This is one of the worst companies for self-entitlement that I have seen of late. Conduit executives, for example, seem to be buying the shares - and very large tranches - with their own cash. They are more in-tune with ordinary shareholders IMO and that is why I am currently a Conduit shareholder and not one in Lancashire. Someone tell me I'm wrong. IMO & DYOR. |
Posted at 21/10/2021 10:26 by professor john koestler "If you look at the last 10 years of share price, the business has gone nowhere. They pay decent divis in good times and then engage in rights issues taking the cash back in again. Not a great business model!"The business model in that regard is fine. They take the money when market prices are hardening and when they are soft they don't assume they are your best opportunity cost and give it you back. That is why the share price has gone nowhere because it is a symptom of the business model. If you look at overall returns with dividends and the average ROE year-by-year, it is one of the best in the business. Bizarre that you sell when catastrophe events happen. That should be bread and butter for all of us to eat and disregard as investors in insurance. If catastrophe frightens you you shouldn't be here in the first place! The question is: has the quality of underwriting standards fallen. I don't think so. I don't think it needs to. With interest rates likely to increase and catastrophes likely to be more frequent - or seen to be more frequent - with climate change, great opportunity presents itself to those who can ride the fear, collect the data, keep the underwriting standards and remain in the game. I'll be adding if the price falls notably. |
Posted at 23/7/2017 05:14 by garycook Jrp,Good Posts.11%,You may have been correct on ALY,but LRE,is a different proposition I believe you will be wrong,unless we get a correction in the current markets.To be honest I hope you are correct and the LRE share price goes back to 610p,because I can also add more.Looking on the LRE Website I see the all time high is 933p,and the Low 155p.I would put money on the LRE share price hitting £9,with a take over bid,but it will never return to 155p again ? |
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