Beazley plc (LON:BEZ) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Consensus "Moderate Buy": Six analysts cover Beazley with a consensus rating of "Moderate Buy" (five buys, one hold) and an average 12‑month price target of GBX 1,074.17.
• Citigroup action: Citigroup downgraded Beazley to "neutral" on Jan 22 while raising its price objective from GBX 1,025 to GBX 1,280.
• Significant insider selling: Insiders have sold 104,166 shares in the last 90 days (reported value $134,261,200), including two March 4 sales totaling ~£1.23m, and insiders now own 1.74% of the company.

Shares of Beazley plc (LON:BEZ - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,074.17.

Separately, Citigroup downgraded shares of Beazley to a "neutral" rating and raised their price objective for the stock from GBX 1,025 to GBX 1,280 in a report on Thursday, January 22nd.

Insider Activity at Beazley

In other Beazley news, insider Adrian Cox sold 77,032 shares of Beazley stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total transaction of £992,942.48. Also, insider Paul Bantick sold 18,360 shares of Beazley stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total transaction of £236,660.40. Insiders have sold 104,166 shares of company stock worth $134,261,200 in the last ninety days. Insiders own 1.74% of the company's stock.

Beazley Trading Down 0.2%

BEZ opened at GBX 1,270 on Tuesday. The company has a market cap of £7.48 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.57 and a beta of 0.29. The company's 50 day moving average is GBX 1,246.40 and its 200 day moving average is GBX 1,007.36. Beazley has a 12-month low of GBX 750 and a 12-month high of GBX 1,293.

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. 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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