Beazley (LON:BEZ) Shares Pass Above 200-Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Beazley shares passed above their 200‑day moving average, trading at GBX 1,280 versus the 200‑day SMA of GBX 1,060.82, with volume of 3,622,272 and a 50‑day SMA near GBX 1,274.31.
• Mixed analyst view: Citigroup cut Beazley to "neutral" while raising its price target to GBX 1,280, and the consensus remains a "Moderate Buy" with an average target of GBX 1,074.17.
• Significant insider activity: Insiders sold heavily last quarter (77,032 shares by Adrian Cox and 104,166 shares sold in total worth about $134,261,200), despite a small insider purchase of 141 shares; insiders own 1.74% of the stock.

Beazley plc (LON:BEZ - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,060.82 and traded as high as GBX 1,280. Beazley shares last traded at GBX 1,280, with a volume of 3,622,272 shares traded.

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Analyst Upgrades and Downgrades

Separately, Citigroup cut Beazley to a "neutral" rating and lifted their price target for the stock from GBX 1,025 to GBX 1,280 in a research note on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 1,074.17.

Beazley Trading Down 0.0%

The stock has a 50 day simple moving average of GBX 1,274.31 and a 200 day simple moving average of GBX 1,060.82. The firm has a market capitalization of £7.56 billion, a PE ratio of 8.84, a PEG ratio of 1.57 and a beta of 0.29.

Insider Buying and Selling

In other Beazley news, insider Paul Bantick acquired 141 shares of the business's stock in a transaction dated Friday, April 10th. The shares were purchased at an average cost of GBX 1,272 per share, for a total transaction of £1,793.52. Also, insider Adrian Cox sold 77,032 shares of Beazley stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 1,289, for a total value of £992,942.48. Over the last quarter, insiders sold 104,166 shares of company stock worth $134,261,200. Corporate insiders own 1.74% 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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.

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