Beazley (LON:BEZ) Price Target Raised to GBX 920

Beazley (LON:BEZ) had its target price lifted by Barclays from GBX 910 ($11.43) to GBX 920 ($11.56) in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada lifted their target price on shares of Beazley from GBX 975 ($12.25) to GBX 1,000 ($12.56) and gave the company an outperform rating in a report on Tuesday, April 30th. Berenberg Bank reissued a buy rating and issued a GBX 880 ($11.05) target price on shares of Beazley in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. increased their target price on Beazley from GBX 770 ($9.67) to GBX 870 ($10.93) and gave the stock an overweight rating in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of GBX 906 ($11.38).

Beazley Stock Performance

Shares of Beazley stock opened at GBX 629.50 ($7.91) on Friday. Beazley has a 12 month low of GBX 485.80 ($6.10) and a 12 month high of GBX 699.50 ($8.79). The firm has a market capitalization of £4.09 billion, a P/E ratio of 524.58, a P/E/G ratio of 1.57 and a beta of 0.68. The company has a current ratio of 20.77, a quick ratio of 6.45 and a debt-to-equity ratio of 16.26. The business has a fifty day simple moving average of GBX 661.79 and a two-hundred day simple moving average of GBX 585.25.

Beazley Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, March 21st were given a dividend of GBX 14.20 ($0.18) per share. The ex-dividend date of this dividend was Thursday, March 21st. This is a boost from Beazley’s previous dividend of $13.50. This represents a dividend yield of 2.17%. Beazley’s dividend payout ratio (DPR) is 1,166.67%.

Insider Buying and Selling

In other news, insider Adrian Cox sold 26,323 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.11), for a total transaction of £170,046.58 ($213,599.52). In related news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). Also, insider Adrian Cox sold 26,323 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.11), for a total transaction of £170,046.58 ($213,599.52). 2.20% of the stock is owned by corporate 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.