Elaine Whelan Purchases 58,500 Shares of Conduit Holdings Limited (LON:CRE) Stock

Conduit Holdings Limited (LON:CRE) insider Elaine Whelan bought 58,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average price of GBX 341 ($4.47) per share, with a total value of £199,485 ($261,379.72).

Conduit Price Performance

Shares of LON CRE traded down GBX 12 ($0.16) during trading hours on Friday, reaching GBX 328 ($4.30). The stock had a trading volume of 838,795 shares, compared to its average volume of 971,773. Conduit Holdings Limited has a twelve month low of GBX 316 ($4.14) and a twelve month high of GBX 549.74 ($7.20). The business’s fifty day moving average is GBX 402.05 and its two-hundred day moving average is GBX 463.44. The company has a market cap of £659.44 million, a price-to-earnings ratio of 3.09 and a beta of 0.52.

Conduit Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be issued 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 payout ratio is 26.41%.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 ($9.17) price objective on shares of Conduit in a research report on Monday.

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.