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

Conduit Holdings Limited (LON:CRE) insider Elaine Whelan purchased 58,500 shares of the stock in a transaction on Thursday, April 3rd. The shares were acquired at an average cost of GBX 341 ($4.40) per share, with a total value of £199,485 ($257,234.04).

Conduit Trading Down 3.1 %

Shares of CRE opened at GBX 329.50 ($4.25) on Friday. Conduit Holdings Limited has a 1-year low of GBX 316 ($4.07) and a 1-year high of GBX 549.74 ($7.09). The firm has a market capitalization of £662.45 million, a price-to-earnings ratio of 3.11 and a beta of 0.52. The firm’s 50-day moving average price is GBX 399.53 and its 200-day moving average price is GBX 462.52.

Conduit Announces Dividend

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

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 700 ($9.03) target price on shares of Conduit in a report on Monday, March 31st.

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.