Beazley (LON:BEZ) Share Price Crosses Above 200-Day Moving Average - Here's Why

Shares of Beazley plc (LON:BEZ - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 842.48 ($11.25) and traded as high as GBX 917.50 ($12.25). Beazley shares last traded at GBX 911.49 ($12.17), with a volume of 1,473,340 shares changing hands.

Beazley Price Performance

The company's 50-day simple moving average is GBX 890.19 and its two-hundred day simple moving average is GBX 842.48. The firm has a market capitalization of £7.05 billion, a P/E ratio of 5.74, a P/E/G ratio of 1.57 and a beta of 0.68.

Beazley (LON:BEZ - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.83) earnings per share (EPS) for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. Analysts predict that Beazley plc will post 101.6172507 earnings per share for the current year.

Beazley Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 2nd. Shareholders of record on Thursday, March 20th were issued a dividend of GBX 25 ($0.33) per share. The ex-dividend date was Thursday, March 20th. This represents a yield of 2.77%. This is an increase from Beazley's previous dividend of $14.20. Beazley's payout ratio is currently 8.76%.

Beazley declared that its board has authorized a share repurchase plan on Tuesday, March 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Insider Activity at Beazley

In other news, insider Adrian Cox sold 27,772 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($12.05), for a total value of £250,503.44 ($334,584.53). 2.31% of the stock is owned by corporate insiders.

Beazley Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.