Beazley (LON:BEZ) Hits New 1-Year High – Here’s What Happened

Beazley plc (LON:BEZ)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 805.70 ($10.21) and last traded at GBX 804.50 ($10.19), with a volume of 2874345 shares. The stock had previously closed at GBX 788 ($9.98).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price target on Beazley from GBX 880 ($11.15) to GBX 950 ($12.04) and gave the stock a “buy” rating in a research note on Thursday, August 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 943 ($11.95).

Beazley Stock Performance

The company has a market cap of £5.06 billion, a PE ratio of 532.43, a PEG ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 14.99, a quick ratio of 6.45 and a current ratio of 21.78. The firm’s 50 day moving average is GBX 769.41 and its 200-day moving average is GBX 725.06.

Insider Transactions at Beazley

In related news, insider John Reizenstein bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of GBX 736 ($9.33) per share, with a total value of £36,800 ($46,629.50). Also, insider Fiona Muldoon acquired 10,000 shares of the stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of GBX 779 ($9.87) per share, for a total transaction of £77,900 ($98,707.55). Company insiders own 2.31% 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.