Beazley plc (LON:BEZ – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 579.09 ($7.15) and traded as high as GBX 675 ($8.34). Beazley shares last traded at GBX 665.50 ($8.22), with a volume of 1,504,067 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on BEZ shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Beazley in a research note on Tuesday, April 9th. Berenberg Bank reiterated a “buy” rating and set a GBX 880 ($10.87) price objective on shares of Beazley in a research note on Thursday, March 7th.
Read Our Latest Analysis on Beazley
Beazley Price Performance
Beazley Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 21st will be given a dividend of GBX 14.20 ($0.18) per share. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from Beazley’s previous dividend of $13.50. This represents a yield of 2.17%. Beazley’s dividend payout ratio is 1,166.67%.
Insider Buying and Selling at Beazley
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 ($8.29), for a total transaction of £50,325 ($62,160.33). In other Beazley news, insider Sally Lake sold 7,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.29), for a total value of £50,325 ($62,160.33). Also, insider Adrian Cox sold 26,323 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($7.98), for a total transaction of £170,046.58 ($210,037.77). Corporate 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.
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