Beazley plc (LON:BEZ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 842.48 ($11.40) and traded as high as GBX 917.50 ($12.42). Beazley shares last traded at GBX 911.49 ($12.33), with a volume of 1,473,340 shares changing hands.
Beazley Stock Performance
The stock's 50-day simple moving average is GBX 893.28 and its 200-day simple moving average is GBX 846.87. The firm has a market capitalization of £7.11 billion, a PE ratio of 5.79, a P/E/G ratio of 1.57 and a beta of 0.68.
Beazley (LON:BEZ - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.85) earnings per share for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. As a group, analysts predict that Beazley plc will post 101.6172507 earnings per share for the current fiscal year.
Beazley Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, March 20th were given a GBX 25 ($0.34) dividend. The ex-dividend date was Thursday, March 20th. This is an increase from Beazley's previous dividend of $14.20. This represents a dividend yield of 2.77%. Beazley's dividend payout ratio is currently 8.76%.
Beazley announced that its board has authorized a share buyback program on Tuesday, March 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.
Insider Transactions at Beazley
In related news, insider Adrian Cox sold 27,772 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($12.21), for a total transaction of £250,503.44 ($338,976.24). Insiders own 2.31% of the company's stock.
About Beazley
(
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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