Shares of Beazley plc (LON:BEZ - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 828.15 ($11.11) and traded as high as GBX 921.50 ($12.36). Beazley shares last traded at GBX 908 ($12.18), with a volume of 2,248,068 shares traded.
Beazley Stock Down 3.5 %
The company has a market cap of £6.57 billion, a price-to-earnings ratio of 5.35, a P/E/G ratio of 1.57 and a beta of 0.68. The stock has a fifty day moving average price of GBX 884.52 and a two-hundred day moving average price of GBX 832.18.
Beazley (LON:BEZ - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 137 ($1.84) earnings per share (EPS) for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. Analysts predict that Beazley plc will post 101.6172507 earnings per share for the current fiscal year.
Beazley Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, March 20th will be given a dividend of GBX 25 ($0.34) per share. This represents a yield of 2.77%. This is a boost from Beazley's previous dividend of $14.20. The ex-dividend date is Thursday, March 20th. Beazley's dividend payout ratio is currently 8.76%.
Beazley declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.
Insider Transactions at Beazley
In other Beazley news, insider Adrian Cox sold 27,772 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($12.10), for a total transaction of £250,503.44 ($335,975.64). 2.31% of the stock is currently owned by corporate insiders.
Beazley Company Profile
(
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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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