Beazley plc (LON:BEZ - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 808.43 ($10.46) and traded as high as GBX 885.50 ($11.46). Beazley shares last traded at GBX 882.50 ($11.42), with a volume of 146,590,563 shares.
Beazley Price Performance
The firm has a market capitalization of £7.05 billion, a price-to-earnings ratio of 5.74, a P/E/G ratio of 1.57 and a beta of 0.68. The stock has a fifty day moving average of GBX 859.12 and a two-hundred day moving average of GBX 811.08.
Beazley (LON:BEZ - Get Free Report) last issued its quarterly earnings results 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%. On average, research analysts forecast that Beazley plc will post 101.6172507 EPS for the current year.
Beazley Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, March 20th will be given a GBX 25 ($0.32) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 2.77%. This is an increase from Beazley's previous dividend of $14.20. Beazley's payout ratio is 8.76%.
Beazley declared that its board has authorized a stock buyback program 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. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.
Insiders Place Their Bets
In other news, insider Adrian Cox sold 27,772 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.67), for a total transaction of £250,503.44 ($324,234.33). Company insiders own 2.31% of the company's stock.
Beazley Company Profile
(
Get Free Report)
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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