Beazley (LON:BEZ – Free Report) had its target price increased by Royal Bank of Canada from GBX 975 ($12.25) to GBX 1,000 ($12.56) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.
Several other analysts also recently weighed in on the stock. Berenberg Bank reaffirmed a buy rating and set a GBX 880 ($11.05) price target on shares of Beazley in a research note on Thursday, March 7th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Beazley in a research report on Tuesday, April 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of GBX 874 ($10.98).
View Our Latest Analysis on BEZ
Beazley Trading Down 0.8 %
Beazley Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be given a GBX 14.20 ($0.18) dividend. This represents a dividend yield of 2.17%. The ex-dividend date is Thursday, March 21st. This is a boost from Beazley’s previous dividend of $13.50. Beazley’s dividend payout ratio is presently 1,166.67%.
Insider Activity at Beazley
In other Beazley news, insider Sally Lake sold 7,500 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total transaction of £50,325 ($63,214.42). In other Beazley news, insider Sally Lake sold 7,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). Also, insider Adrian Cox sold 26,323 shares of Beazley stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($8.11), for a total transaction of £170,046.58 ($213,599.52). 2.20% of the stock is currently owned by corporate insiders.
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.
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