Beazley (LON:BEZ) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Beazley plc (LON:BEZ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 816.92 ($10.40) and traded as high as GBX 859.50 ($10.94). Beazley shares last traded at GBX 821.50 ($10.46), with a volume of 3,902,759 shares trading hands.

Beazley Stock Up 3.2 %

The stock has a market capitalization of £6.51 billion, a PE ratio of 5.31, a PEG ratio of 1.57 and a beta of 0.68. The firm’s fifty day moving average price is GBX 866.34 and its two-hundred day moving average price is GBX 816.92.

Beazley (LON:BEZ) last announced its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.74) earnings per share (EPS) for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. As a group, analysts predict that Beazley plc will post 101.6172507 EPS for the current year.

Beazley Increases Dividend

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

Beazley announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Beazley

In related news, insider Adrian Cox sold 27,772 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.48), for a total value of £250,503.44 ($318,868.94). 2.31% of the stock is currently owned by 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.