Beazley (LON:BEZ) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Beazley plc (LON:BEZGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 808.43 ($10.47) and traded as high as GBX 885.50 ($11.46). Beazley shares last traded at GBX 882.50 ($11.43), with a volume of 146,590,563 shares.

Beazley Stock Up 1.6 %

The company’s fifty day simple moving average is GBX 853.83 and its 200 day simple moving average is GBX 808.43. The firm has a market capitalization of £6.78 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

Beazley (LON:BEZGet Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.77) earnings per share (EPS) for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. Equities research analysts forecast that Beazley plc will post 101.6172507 EPS for the current year.

Beazley Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 25 ($0.32) per share. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Beazley’s previous dividend of $14.20. Beazley’s payout ratio is 8.76%.

Beazley announced that its board has authorized a share buyback program on Tuesday, March 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Beazley news, insider Adrian Cox sold 27,772 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.68), for a total value of £250,503.44 ($324,318.28). 2.31% of the stock is owned by company insiders.

About Beazley

(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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