Conduit Holdings Limited (LON:CRE – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 476.37 ($5.98) and traded as high as GBX 517 ($6.49). Conduit shares last traded at GBX 515 ($6.47), with a volume of 88,680 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank increased their target price on shares of Conduit from GBX 635 ($7.98) to GBX 695 ($8.73) and gave the stock a “buy” rating in a research report on Wednesday, February 21st.
Get Our Latest Stock Report on CRE
Conduit Price Performance
Conduit Dividend Announcement
The company also recently disclosed a dividend, which was paid on Wednesday, April 24th. Investors of record on Thursday, March 21st were issued a dividend of $0.18 per share. This represents a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, March 21st. Conduit’s dividend payout ratio is currently 3,052.63%.
Insider Buying and Selling
In other news, insider Trevor Carvey purchased 2,013 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was bought at an average cost of GBX 496 ($6.23) per share, for a total transaction of £9,984.48 ($12,543.32). In related news, insider Neil David Eckert acquired 1,234 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were bought at an average price of GBX 497 ($6.24) per share, for a total transaction of £6,132.98 ($7,704.75). Also, insider Trevor Carvey acquired 2,013 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were bought at an average cost of GBX 496 ($6.23) per share, with a total value of £9,984.48 ($12,543.32). Insiders have bought 12,247 shares of company stock worth $6,147,746 in the last quarter. 5.95% of the stock is currently owned by company insiders.
Conduit Company Profile
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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