Beazley (LON:BEZ) Stock Price Passes Above 200 Day Moving Average of $573.20

Beazley plc (LON:BEZ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 573.20 ($7.14) and traded as high as GBX 666.01 ($8.29). Beazley shares last traded at GBX 647.50 ($8.06), with a volume of 1,888,304 shares.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BEZ shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of Beazley in a report on Tuesday, April 9th. Berenberg Bank restated a “buy” rating and issued a GBX 880 ($10.95) price objective on shares of Beazley in a research note on Thursday, March 7th.

Beazley Trading Down 3.9 %

The stock’s 50 day simple moving average is GBX 640.99 and its two-hundred day simple moving average is GBX 573.20. The company has a debt-to-equity ratio of 16.26, a current ratio of 20.77 and a quick ratio of 6.45. The stock has a market capitalization of £4.21 billion, a PE ratio of 539.58, a PEG ratio of 1.57 and a beta of 0.68.

Beazley Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 21st will be issued a dividend of GBX 14.20 ($0.18) per share. This represents a yield of 2.17%. This is a positive change from Beazley’s previous dividend of $13.50. The ex-dividend date of this dividend is Thursday, March 21st. Beazley’s dividend payout ratio is 1,166.67%.

Insiders Place Their Bets

In other 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 ($8.35), for a total transaction of £50,325 ($62,647.83). In other news, insider Sally Lake sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.35), for a total value of £50,325 ($62,647.83). Also, insider Adrian Cox sold 26,323 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($8.04), for a total transaction of £170,046.58 ($211,685.02). Company insiders own 2.20% of the company’s stock.

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.