Beazley (LON:BEZ) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Beazley plc (LON:BEZ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 822.25 ($10.88) and traded as high as GBX 927.50 ($12.28). Beazley shares last traded at GBX 915.87 ($12.12), with a volume of 2,254,398 shares changing hands.

Beazley Price Performance

The firm’s 50-day moving average price is GBX 872.75 and its 200-day moving average price is GBX 822.25. The stock has a market cap of £7.04 billion, a P/E ratio of 5.73, a PEG ratio of 1.57 and a beta of 0.68.

Beazley (LON:BEZ) last posted its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.81) EPS for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. Sell-side analysts expect that Beazley plc will post 101.6172507 earnings per share for the current year.

Beazley Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, March 20th will be paid a GBX 25 ($0.33) dividend. The ex-dividend date is Thursday, March 20th. This represents a dividend yield of 2.77%. This is an increase from Beazley’s previous dividend of $14.20. Beazley’s dividend payout ratio is currently 8.76%.

Beazley declared that its board has initiated a share buyback plan on Tuesday, March 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Adrian Cox sold 27,772 shares of Beazley stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($11.94), for a total value of £250,503.44 ($331,529.17). Insiders own 2.31% of the company’s stock.

About Beazley

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.