Beazley (LON:BEZ) Shares Cross Above 200-Day Moving Average of $596.50

Beazley plc (LON:BEZ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 596.50 ($7.58) and traded as high as GBX 679 ($8.63). Beazley shares last traded at GBX 665.50 ($8.46), with a volume of 1,049,101 shares traded.

Analyst Upgrades and Downgrades

BEZ has been the subject of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 880 ($11.18) target price on shares of Beazley in a report on Thursday, March 7th. Barclays lifted their price objective on shares of Beazley from GBX 910 ($11.57) to GBX 920 ($11.69) and gave the stock an “overweight” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of Beazley from GBX 770 ($9.79) to GBX 870 ($11.06) and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada increased their price objective on shares of Beazley from GBX 975 ($12.39) to GBX 1,000 ($12.71) and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 906 ($11.51).

Beazley Stock Up 0.2 %

The company’s 50 day moving average price is GBX 664.53 and its 200 day moving average price is GBX 597.88. The firm has a market capitalization of £4.34 billion, a price-to-earnings ratio of 555.83, a P/E/G ratio of 1.57 and a beta of 0.68. The company has a quick ratio of 6.45, a current ratio of 20.77 and a debt-to-equity ratio of 16.26.

Beazley Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, March 21st were paid a GBX 14.20 ($0.18) dividend. The ex-dividend date was Thursday, March 21st. This represents a yield of 2.17%. This is a boost from Beazley’s previous dividend of $13.50. Beazley’s dividend payout ratio (DPR) is currently 1,166.67%.

Insiders Place Their Bets

In other news, insider Sally Lake sold 7,500 shares of Beazley stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.53), for a total value of £50,325 ($63,961.62). In related news, insider Sally Lake sold 7,500 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.53), for a total value of £50,325 ($63,961.62). Also, insider Adrian Cox sold 26,323 shares of Beazley stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($8.21), for a total transaction of £170,046.58 ($216,124.28). 2.20% of the stock is currently owned by company insiders.

Beazley Company Profile

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks.