Beazley plc (LON:BEZ - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 836.85 ($11.10) and traded as high as GBX 891.44 ($11.83). Beazley shares last traded at GBX 884.50 ($11.73), with a volume of 2,664,259 shares trading hands.
Beazley Stock Performance
The firm's fifty day simple moving average is GBX 889.21 and its 200 day simple moving average is GBX 839.12. The stock has a market capitalization of £6.99 billion, a price-to-earnings ratio of 5.69, 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 ($1.82) earnings per share (EPS) for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. Analysts forecast 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 given 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 dividend payout ratio is 8.76%.
Beazley announced that its board has initiated a share buyback plan on Tuesday, March 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Insider Transactions at Beazley
In other Beazley news, insider Adrian Cox sold 27,772 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.97), for a total value of £250,503.44 ($332,320.83). 2.31% of the stock is currently owned by insiders.
About Beazley
(
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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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