Insider Buying: Conduit Holdings Limited (LON:CRE) Insider Purchases 31,916 Shares of Stock

Conduit Holdings Limited (LON:CRE) insider Neil David Eckert bought 31,916 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of GBX 364 ($4.71) per share, for a total transaction of £116,174.24 ($150,406.84).

Conduit Stock Performance

Shares of LON CRE traded down GBX 0.50 ($0.01) during midday trading on Wednesday, reaching GBX 355.50 ($4.60). 7,139,903 shares of the stock were exchanged, compared to its average volume of 1,115,177. Conduit Holdings Limited has a twelve month low of GBX 347 ($4.49) and a twelve month high of GBX 549.74 ($7.12). The stock has a market capitalization of £714.72 million, a P/E ratio of 3.35 and a beta of 0.52. The company has a 50 day simple moving average of GBX 417.81 and a 200 day simple moving average of GBX 472.73.

Conduit Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 700 ($9.06) price objective on shares of Conduit in a report on Wednesday, February 12th.

Conduit Company Profile

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.