Beazley plc (LON:BEZ – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 573.20 ($7.14) and traded as high as GBX 666.01 ($8.29). Beazley shares last traded at GBX 647.50 ($8.06), with a volume of 1,888,304 shares changing hands.
Analysts Set New Price Targets
Several research firms have commented on BEZ. Berenberg Bank reissued a “buy” rating and set a GBX 880 ($10.95) target price on shares of Beazley in a research note on Thursday, March 7th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Beazley in a research note on Tuesday, April 9th.
Check Out Our Latest Analysis on BEZ
Beazley Stock Performance
Beazley Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be given a dividend of GBX 14.20 ($0.18) per share. This is a positive change from Beazley’s previous dividend of $13.50. The ex-dividend date of this dividend is Thursday, March 21st. This represents a dividend yield of 2.17%. Beazley’s dividend payout ratio (DPR) is 1,166.67%.
Insider Activity
In other news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.35), for a total transaction of £50,325 ($62,647.83). In other Beazley news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.35), for a total value of £50,325 ($62,647.83). Also, insider Adrian Cox sold 26,323 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($8.04), for a total transaction of £170,046.58 ($211,685.02). 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.
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