Beazley (LON:BEZ) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Beazley plc (LON:BEZ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 994.98 and traded as high as GBX 1,269. Beazley shares last traded at GBX 1,266, with a volume of 2,972,746 shares.

Analyst Ratings Changes

Separately, Citigroup downgraded Beazley to a “neutral” rating and increased their target price for the stock from GBX 1,025 to GBX 1,280 in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Beazley has an average rating of “Moderate Buy” and an average price target of GBX 1,074.17.

Beazley Stock Performance

The company’s 50 day simple moving average is GBX 1,236.39 and its 200-day simple moving average is GBX 994.98. The firm has a market capitalization of £7.46 billion, a PE ratio of 8.38, a PEG ratio of 1.57 and a beta of 0.29.

Insider Transactions at Beazley

In other Beazley news, insider Paul Bantick sold 8,774 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 1,288, for a total value of £113,009.12. Also, insider Adrian Cox sold 77,032 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 1,289, for a total transaction of £992,942.48. In the last quarter, insiders have sold 104,166 shares of company stock valued at $134,261,200. Corporate insiders own 1.74% 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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.