Beazley (LON:BEZ - Get Free Report) announced that its board has initiated a share repurchase plan on Tuesday, March 4th, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.
Beazley Price Performance
BEZ traded down GBX 7.50 ($0.10) during trading on Friday, reaching GBX 887 ($11.46). 95,900,352 shares of the stock traded hands, compared to its average volume of 5,778,785. The stock has a market cap of £6.82 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. Beazley has a fifty-two week low of GBX 611 ($7.90) and a fifty-two week high of GBX 925 ($11.95). The stock's 50-day simple moving average is GBX 835.25 and its two-hundred day simple moving average is GBX 797.34.
Beazley (LON:BEZ - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported GBX 137 ($1.77) earnings per share (EPS) for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. Research analysts anticipate that Beazley will post 101.6172507 earnings per share for the current fiscal year.
Insider Transactions at Beazley
In other news, insider Adrian Cox sold 27,772 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($11.66), for a total transaction of £250,503.44 ($323,689.68). 2.31% of the stock is owned by corporate insiders.
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.
Further Reading
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