Beazley (LON:BEZ) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Beazley plc (LON:BEZ) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 828.15 ($10.99) and traded as high as GBX 921.50 ($12.23). Beazley shares last traded at GBX 908 ($12.05), with a volume of 2,248,068 shares trading hands.

Beazley Stock Down 0.4 %

The company has a market cap of £6.98 billion, a PE ratio of 5.68, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The firm has a 50 day simple moving average of GBX 879.61 and a 200-day simple moving average of GBX 828.15.

Beazley (LON:BEZ) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 137 ($1.82) EPS for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. As a group, equities analysts anticipate that Beazley plc will post 101.6172507 EPS for the current year.

Beazley Increases Dividend

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

Beazley declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Beazley

In other Beazley news, insider Adrian Cox sold 27,772 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.97), for a total transaction of £250,503.44 ($332,453.14). 2.31% of the stock is currently owned by company insiders.

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.