Trevor Carvey Acquires 9,000 Shares of Conduit Holdings Limited (LON:CRE) Stock

Conduit Holdings Limited (LON:CRE) insider Trevor Carvey bought 9,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of GBX 504 ($6.37) per share, with a total value of £45,360 ($57,323.39).

Conduit Trading Down 0.2 %

LON CRE opened at GBX 518 ($6.55) on Friday. The firm has a market capitalization of £813.16 million, a PE ratio of 551.06 and a beta of 0.49. Conduit Holdings Limited has a one year low of GBX 428.32 ($5.41) and a one year high of GBX 533 ($6.74). The company has a 50-day simple moving average of GBX 491.79 and a 200-day simple moving average of GBX 469.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.19 and a current ratio of 0.59.

Conduit Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Thursday, March 21st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a yield of 3.06%. Conduit’s payout ratio is currently 2,978.72%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price objective on Conduit from GBX 635 ($8.02) to GBX 695 ($8.78) and gave the stock a “buy” rating in a research note on Wednesday, February 21st.

About Conduit

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.