Beazley plc (LON:BEZ - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 822.25 ($10.94) and traded as high as GBX 927.50 ($12.34). Beazley shares last traded at GBX 915.87 ($12.18), with a volume of 2,254,398 shares.
Beazley Price Performance
The company has a market capitalization of £6.99 billion, a P/E ratio of 5.69, a PEG ratio of 1.57 and a beta of 0.68. The company has a 50 day moving average of GBX 875.85 and a 200-day moving average of GBX 825.48.
Beazley (LON:BEZ - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 137 ($1.82) earnings per share for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. Research analysts predict that Beazley plc will post 101.6172507 EPS for the current fiscal year.
Beazley Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Thursday, March 20th will be issued a GBX 25 ($0.33) dividend. The ex-dividend date is Thursday, March 20th. This is a positive change from Beazley's previous dividend of $14.20. This represents a yield of 2.77%. Beazley's dividend payout ratio is 8.76%.
Beazley announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.
Insider Activity at Beazley
In other Beazley news, insider Adrian Cox sold 27,772 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($12.00), for a total transaction of £250,503.44 ($333,204.89). 2.31% of the stock is owned by corporate 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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