Beazley (LON:BEZ) Price Target Raised to GBX 920 at Barclays

Beazley (LON:BEZ) had its price target hoisted by Barclays from GBX 910 ($11.43) to GBX 920 ($11.56) in a research report sent to investors on Friday, MarketBeat reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also weighed in on BEZ. Royal Bank of Canada increased their price objective on Beazley from GBX 975 ($12.25) to GBX 1,000 ($12.56) and gave the company an outperform rating in a report on Tuesday, April 30th. Berenberg Bank reissued a buy rating and set a GBX 880 ($11.06) price objective on shares of Beazley in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on Beazley from GBX 770 ($9.67) to GBX 870 ($10.93) and gave the company an overweight rating in a report on Tuesday, April 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Beazley presently has an average rating of Buy and a consensus target price of GBX 906 ($11.38).

Beazley Price Performance

Shares of LON BEZ opened at GBX 629.50 ($7.91) on Friday. The stock has a fifty day simple moving average of GBX 661.40 and a two-hundred day simple moving average of GBX 585.97. Beazley has a 1-year low of GBX 485.80 ($6.10) and a 1-year high of GBX 699.50 ($8.79). The firm has a market cap of £4.09 billion, a price-to-earnings ratio of 524.58, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The company has a current ratio of 20.77, a quick ratio of 6.45 and a debt-to-equity ratio of 16.26.

Beazley Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st were issued a GBX 14.20 ($0.18) dividend. This is a positive change from Beazley’s previous dividend of $13.50. This represents a dividend yield of 2.17%. The ex-dividend date was Thursday, March 21st. Beazley’s dividend payout ratio (DPR) is presently 1,166.67%.

Insider Transactions at Beazley

In related news, insider Sally Lake sold 7,500 shares of Beazley 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 ($63,222.36). In other Beazley news, insider Sally Lake sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total transaction of £50,325 ($63,222.36). Also, insider Adrian Cox sold 26,323 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($8.12), for a total value of £170,046.58 ($213,626.36). Corporate insiders own 2.20% of the company’s stock.

About Beazley

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.