Conduit Holdings Limited (LON:CRE - Get Free Report) insider Trevor Carvey bought 70,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were purchased at an average price of GBX 340 ($4.40) per share, for a total transaction of £238,000 ($307,692.31).
Trevor Carvey also recently made the following trade(s):
- On Friday, February 21st, Trevor Carvey bought 10,000 shares of Conduit stock. The stock was purchased at an average cost of GBX 384 ($4.96) per share, with a total value of £38,400 ($49,644.47).
Conduit Stock Up 3.6 %
Shares of CRE stock opened at GBX 345 ($4.46) on Wednesday. The stock's 50-day moving average price is GBX 406.86 and its 200 day moving average price is GBX 466.19. The stock has a market capitalization of £693.61 million, a PE ratio of 3.25 and a beta of 0.52. Conduit Holdings Limited has a 52-week low of GBX 316 ($4.09) and a 52-week high of GBX 549.74 ($7.11).
Conduit Announces Dividend
The business also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be issued a $0.18 dividend. This represents a dividend yield of 3.54%. The ex-dividend date is Thursday, March 20th. Conduit's payout ratio is currently 26.41%.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 700 ($9.05) price objective on shares of Conduit in a research note on Monday.
Check Out Our Latest Stock Report on Conduit
About Conduit
(
Get Free Report)
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.
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