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what a great trader this sold half ahead of results and just nipped back in sub £6 and up she goes.
over halfway there now £7 on results day - Friday?
the dip to 599 the other day, back to old routine again or mm fun and games. Expecting towards 660p soon.
Even stronger buy now :)
JPMorgan says Lloyd's insurers 'on cusp of a golden era', upgrades Hiscox
(Sharecast News) - JPMorgan Cazenove upgraded Hiscox on Thursday as it took a look at Lloyd's insurers.
The bank upped Hiscox to 'neutral' from 'underweight' as it believes the retail issues that have dogged results in recent years are likely to be behind the company and an improving reinsurance market should allow it to retain more business in this segment. The target price for Hiscox was lifted to 1,200p from 930p.
JPM's favourite names in the space remain 'overweight' rated Beazley and Lancashire. The bank placed Beazley on 'positive catalyst watch' heading into full-year results in March.
Looking ahead to this year and beyond, JPM expects the three Lloyd's insurers to produce the strongest return on equity since the mid-2000s with its average ROE for 2023/24E at 24%/21%%.
"At this stage in the cycle, with all three names set to deliver, we believe the Lloyd's insurers are on the cusp of a new golden era similar to the one that we saw in 2012-15," it said, noting that its pre-tax profit estimates are 21%/13% ahead of Bloomberg consensus for 2023/24.
At 1035 GMT, Hiscox shares were up 1.3% at 1,136.75p.
well overdue the good old 10% up day.... for a trim
heading thru £7 and to £8 a la Beazley
Credit Suisse raises Lancashire price target to 725 (675) pence - 'outperform'
JPM taking a stake...living in hope
Yes it looks like it's happening. Average broker rating over the last month 705. Undervalued or what!
Seems like they have gotten out the bad news, and looking at their strong portfolio and what the CEO this looks really for a bounce back up
Would make sense at these levels. Any colour on potential acquirer? How credible is the source and how high is likelihood? Thanks
Since Feb 25th, there is an increased sell off pressure on insurance stocks. I am surprised that since LRE was already at low levels but it went lower. I don't know the main reason why there is a sell off or maybe it is just a part of geopolitical risk off.
Not priced in? This share has just dropped to lows not seen since 2008!
I don’t know the source of your rumour, but the SP would suggest it has no substance.
Not priced in yet
That doesn’t explain the huge drop over last couple of sessions
There is a rumour doing the rounds in the City that a trade buyer is sizing up Lancashire for an acquisition.
Hope it does create too much damage
HODL and ignore the turbulence. Opportunities galore.
Barclays set a target price of 781 GBX for the company, which when compared to the Lancashire Holdings Limited share price of 555 GBX at opening today (20/01/2022) indicates a potential upside of 28.9%. Trading has ranged between 5 (52 week low) and 564 (52 week high) with an average of 746,856 shares exchanging hands daily. The market capitalisation at the time of writing is £1,323,822,868.
Lancashire Holdings Limited is a Bermuda-based insurance company. The Company is a provider of global specialty insurance and reinsurance products operating in Bermuda and London. It is focused on short-tail, specialty (re)insurance risks within four general segments: Property, Energy, Marine and Aviation. Its property segment includes its property reinsurance lines, such as property catastrophe and retrocession, as well as property insurance and terrorism and political risks. Its aviation segment include aviation insurance products. Its energy portfolio include upstream energy, downstream energy, power and utilities and renewable energy. Its marine segment encompasses all aspects of the marine industry from cargo to cruise liners; it underwrites the marine class from both its Lloyd’s and Company platforms.
The share price for Lancashire Holdings Limited (LRE.L) is currently trading at GBp554.50 (2.97%)
https://www.***************************/lancashire-holdings-limited-28.9-potential-upside-indicated-by-barclays/4121045747
A wise man said LRE will either pull through or get bought out; either way this is not a stupid hold at the mo
share looking good again, company making profit and pass the big payouts, so looking like based on forecast they are moving into good revenue times.
time to get in now and hold to make some good profit.
LRE was last trading at any meaningful period at this price In summer 2016. This is at a more than 5 year low if you exclude very brief price crashes seen in the first lockdown. Why are people still selling. It’s crazy! This has to be one of the best opportunities I have seen for a while
I see over the last several days a large amount of transactions in shares. Does this bode well for the company? I'm well down on this one.
The share got hammered by 2 factors:
1: Lancashire (LRE) in 2020, as the specialist insurer was forced to swallow $244m (£177m) of losses even before the small matter of Covid-19.
Claims stemming from the pandemic, largely from property exposures, came in just shy of the $42m forecast in July. The remaining exposures – including losses from hurricanes as well as “unusually high level of frequency in non-natural catastrophe” lines – were within Lancashire’s risk tolerance, but 88 per cent ahead of 2019.
2: they had to pay out for hurricane and unrest in South Africa.
However, their order book increased from 600m to 900m from 2020 to 2021. Which means the share has been lowered due to some big insurance pay outs, but the funds and potential revenue for 2021 onwards appear to signal the massive revenue and profit margins on the horizon.
Also this company consistently pays out dividends, so a great one to buy and potentially get 3 pay outs a year to make consistent profit.