Conduit Holdings Limited (LON:CRE - Get Free Report) insider Trevor Carvey purchased 9,000 shares of the business's stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of GBX 504 ($6.37) per share, with a total value of £45,360 ($57,323.39).
Conduit Price Performance
Shares of LON:CRE opened at GBX 519 ($6.56) on Thursday. The company has a market cap of £814.73 million, a price-to-earnings ratio of 552.13 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.59 and a quick ratio of 1.19. The firm has a 50 day simple moving average of GBX 490.45 and a 200 day simple moving average of GBX 469.57. Conduit Holdings Limited has a one year low of GBX 428.32 ($5.41) and a one year high of GBX 533 ($6.74).
Conduit Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Wednesday, April 24th. Investors of record on Thursday, March 21st will be paid a $0.18 dividend. This represents a yield of 3.06%. The ex-dividend date is Thursday, March 21st. Conduit's payout ratio is 2,978.72%.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank upped their price target on shares of Conduit from GBX 635 ($8.02) to GBX 695 ($8.78) and gave the stock a "buy" rating in a report on Wednesday, February 21st.
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Conduit Holdings Limited, together with its subsidiaries, engages in the reinsurance business in the United States, Europe, and internationally. The company operates in three segments: Property, Casualty, and Specialty. It offers catastrophe and non-catastrophe property business lines; director's and officer's liability, financial institutions liability, general liability, medical malpractice, professional liability, transactional liability; and aviation, contingency, energy, engineering and construction, environmental, marine, renewables, political violence and terrorism, specie and fine art, war, whole account, and ceded reinsurance products.
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