Beazley plc (LON:BEZ - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 801.35 ($10.36) and traded as high as GBX 904.50 ($11.69). Beazley shares last traded at GBX 872 ($11.27), with a volume of 2,455,595 shares traded.
Beazley Price Performance
The business's 50-day moving average price is GBX 842.48 and its two-hundred day moving average price is GBX 802.23. The company has a market capitalization of £6.80 billion, a P/E ratio of 5.54, a PEG ratio of 1.57 and a beta of 0.68.
Beazley (LON:BEZ - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.77) earnings per share for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. Research analysts expect that Beazley plc will post 101.6172507 earnings per share for the current fiscal year.
Beazley announced that its board has approved a stock repurchase plan on Tuesday, March 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.
Insider Activity at Beazley
In related news, insider Adrian Cox sold 27,772 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.66), for a total value of £250,503.44 ($323,815.20). 2.31% of the stock is currently owned by 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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