Conduit Holdings Limited (LON:CRE – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 473.88 ($5.95) and traded as high as GBX 508 ($6.38). Conduit shares last traded at GBX 501 ($6.29), with a volume of 108,208 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank increased their price objective on Conduit from GBX 635 ($7.98) to GBX 695 ($8.73) and gave the company a “buy” rating in a research report on Wednesday, February 21st.
Check Out Our Latest Stock Report on CRE
Conduit Price Performance
Conduit Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Wednesday, April 24th. Shareholders of record on Thursday, March 21st were issued a $0.18 dividend. This represents a yield of 3.06%. The ex-dividend date was Thursday, March 21st. Conduit’s dividend payout ratio (DPR) is currently 2,947.37%.
Insiders Place Their Bets
In other Conduit news, insider Trevor Carvey acquired 9,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was acquired at an average price of GBX 504 ($6.33) per share, for a total transaction of £45,360 ($56,977.77). In other Conduit news, insider Trevor Carvey acquired 9,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was acquired at an average price of GBX 504 ($6.33) per share, for a total transaction of £45,360 ($56,977.77). Also, insider Neil David Eckert acquired 1,234 shares of the company’s stock in a transaction on Friday, April 5th. The stock was acquired at an average price of GBX 497 ($6.24) per share, with a total value of £6,132.98 ($7,703.78). In the last 90 days, insiders acquired 12,247 shares of company stock worth $6,147,746. 6.16% of the stock is currently owned by company insiders.
About Conduit
Conduit Holdings Limited, together with its subsidiaries, provides reinsurance products and services worldwide. It operates in three divisions: Property, Casualty, and Specialty. The property division offers catastrophe and non-catastrophe property reinsurance products. The Casualty division provides director's and officer's, financial institutions, general, professional, and transactional liability, as well as medical malpractice reinsurance products.
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