Beazley plc (LON:BEZ - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 957 ($12.94) and last traded at GBX 943 ($12.75), with a volume of 1429826 shares trading hands. The stock had previously closed at GBX 931 ($12.59).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank initiated coverage on Beazley in a research note on Thursday, May 29th. They issued a "buy" rating and a GBX 1,150 ($15.55) price objective on the stock.
Read Our Latest Stock Analysis on BEZ
Beazley Price Performance
The firm has a market capitalization of £7.28 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 1.57 and a beta of 0.68. The firm has a 50 day moving average price of GBX 900.44 and a 200-day moving average price of GBX 855.92.
Beazley (LON:BEZ - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.85) EPS for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. Equities research analysts predict that Beazley plc will post 101.6172507 earnings per share for the current year.
Beazley declared that its board has approved a stock repurchase plan on Tuesday, March 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.
Insider Activity at Beazley
In related news, insider Adrian Cox sold 27,772 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($12.19), for a total value of £250,503.44 ($338,655.45). 2.31% of the stock is currently owned by corporate insiders.
Beazley Company Profile
(
Get Free Report)
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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