Neil David Eckert Acquires 31,916 Shares of Conduit Holdings Limited (LON:CRE) Stock

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

Conduit Stock Down 0.7 %

CRE opened at GBX 354.50 ($4.59) on Friday. Conduit Holdings Limited has a 52-week low of GBX 347 ($4.49) and a 52-week high of GBX 549.74 ($7.12). The company has a 50 day moving average of GBX 413.73 and a two-hundred day moving average of GBX 470.23. The company has a market cap of £712.71 million, a P/E ratio of 3.34 and a beta of 0.52.

Conduit Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 700 ($9.06) price target on shares of Conduit in a research note 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.