Beazley (LON:BEZ) Shares Cross Above 200-Day Moving Average of $596.50

Beazley plc (LON:BEZ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 596.50 ($7.58) and traded as high as GBX 679 ($8.63). Beazley shares last traded at GBX 665.50 ($8.46), with a volume of 1,049,101 shares trading hands.

Wall Street Analysts Forecast Growth

BEZ has been the subject of several research analyst reports. Barclays upped their price objective on shares of Beazley from GBX 910 ($11.57) to GBX 920 ($11.69) and gave the stock an “overweight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of Beazley from GBX 770 ($9.79) to GBX 870 ($11.06) and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada raised their price objective on shares of Beazley from GBX 975 ($12.39) to GBX 1,000 ($12.71) and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 880 ($11.18) target price on shares of Beazley in a research report on Thursday, March 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 906 ($11.51).

Beazley Trading Up 0.2 %

The firm has a 50 day moving average price of GBX 664.53 and a two-hundred day moving average price of GBX 597.88. The firm has a market capitalization of £4.34 billion, a P/E ratio of 555.83, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 16.26, a quick ratio of 6.45 and a current ratio of 20.77.

Beazley Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, March 21st were paid a GBX 14.20 ($0.18) dividend. The ex-dividend date was Thursday, March 21st. This represents a yield of 2.17%. This is a boost from Beazley’s previous dividend of $13.50. Beazley’s dividend payout ratio (DPR) is currently 1,166.67%.

Insiders Place Their Bets

In other Beazley news, insider Adrian Cox sold 26,323 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.21), for a total value of £170,046.58 ($216,124.28). In other news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.53), for a total transaction of £50,325 ($63,961.62). Also, insider Adrian Cox sold 26,323 shares of Beazley stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.21), for a total value of £170,046.58 ($216,124.28). Corporate insiders own 2.20% 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.