Beazley plc (LON:BEZ - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 926.50 ($11.94) and last traded at GBX 926 ($11.94), with a volume of 14019370 shares. The stock had previously closed at GBX 916.54 ($11.81).
Beazley Stock Performance
The stock has a market cap of £6.31 billion, a PE ratio of 5.14, a P/E/G ratio of 1.57 and a beta of 0.68. The business has a 50 day moving average price of GBX 866.56 and a two-hundred day moving average price of GBX 816.54.
Beazley (LON:BEZ - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 137 ($1.77) earnings per share for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. As a group, research analysts anticipate that Beazley plc will post 101.6172507 earnings per share for the current year.
Beazley Increases Dividend
The business also recently declared 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 ($0.32) per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 2.77%. This is a positive change from Beazley's previous dividend of $14.20. Beazley's dividend payout ratio is presently 8.76%.
Beazley declared that its board has authorized a share buyback plan on Tuesday, March 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
Insider Activity
In related news, insider Adrian Cox sold 27,772 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($11.63), for a total value of £250,503.44 ($322,896.93). Insiders own 2.31% of the company's stock.
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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