Beazley’s (BEZ) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Beazley (LON:BEZ) in a research note released on Wednesday, Marketbeat reports. They currently have a GBX 1,150 ($15.59) price target on the stock.

Separately, Royal Bank Of Canada cut their price target on shares of Beazley from GBX 1,125 ($15.25) to GBX 1,000 ($13.55) and set an “outperform” rating on the stock in a report on Thursday.

Beazley Stock Performance

Shares of LON:BEZ opened at GBX 783.94 ($10.63) on Wednesday. The company’s 50-day moving average is GBX 906.55 and its 200 day moving average is GBX 892.66. The company has a market capitalization of £6.03 billion, a P/E ratio of 4.91, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. Beazley has a fifty-two week low of GBX 727.70 ($9.86) and a fifty-two week high of GBX 983.50 ($13.33).

Insider Activity at Beazley

In other news, insider Carolyn Johnson bought 22,800 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of GBX 776 ($10.52) per share, with a total value of £176,928 ($239,804.83). Also, insider John Reizenstein bought 5,089 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of GBX 786 ($10.65) per share, with a total value of £39,999.54 ($54,214.61). In the last ninety days, insiders acquired 29,161 shares of company stock valued at $22,692,546. 2.31% of the stock is owned by insiders.

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.