Shares of Beazley plc (LON:BEZ – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 564.34 ($7.13) and traded as high as GBX 676 ($8.54). Beazley shares last traded at GBX 671.50 ($8.49), with a volume of 1,806,325 shares trading hands.
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 880 ($11.12) price objective on shares of Beazley in a research note on Thursday, March 7th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Beazley presently has a consensus rating of “Buy” and a consensus price target of GBX 840.20 ($10.62).
View Our Latest Report on Beazley
Beazley Price Performance
Beazley Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be issued a GBX 14.20 ($0.18) dividend. The ex-dividend date is Thursday, March 21st. This represents a dividend yield of 2.17%. This is an increase from Beazley’s previous dividend of $13.50. Beazley’s dividend payout ratio is currently 8,750.00%.
Insider Buying and Selling
In other Beazley news, insider Adrian Cox sold 26,323 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.16), for a total value of £170,046.58 ($214,895.21). 2.20% of the stock is 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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