Conduit Holdings Limited (LON:CRE) Insider Neil David Eckert Buys 31,916 Shares

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert acquired 31,916 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average price of GBX 364 ($4.69) per share, with a total value of £116,174.24 ($149,574.15).

Conduit Stock Down 0.1 %

CRE stock opened at GBX 355.50 ($4.58) on Thursday. The stock has a market capitalization of £714.72 million, a price-to-earnings ratio of 3.35 and a beta of 0.52. The stock’s fifty day simple moving average is GBX 415.82 and its 200-day simple moving average is GBX 471.46. Conduit Holdings Limited has a 52-week low of GBX 347 ($4.47) and a 52-week high of GBX 549.74 ($7.08).

Conduit Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 20th will be issued a $0.18 dividend. This represents a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Conduit’s dividend payout ratio (DPR) is 26.41%.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 700 ($9.01) price target on shares of Conduit in a report on Wednesday, February 12th.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.