Shares of Beazley plc (LON:BEZ – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 579.09 ($7.15) and traded as high as GBX 675 ($8.34). Beazley shares last traded at GBX 665.50 ($8.22), with a volume of 1,504,067 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on BEZ shares. Berenberg Bank restated a “buy” rating and issued a GBX 880 ($10.87) price target on shares of Beazley in a research report on Thursday, March 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a research note on Tuesday, April 9th.
Read Our Latest Research Report on BEZ
Beazley Price Performance
Beazley Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Thursday, March 21st will be paid a dividend of GBX 14.20 ($0.18) per share. This is a boost from Beazley’s previous dividend of $13.50. The ex-dividend date is Thursday, March 21st. This represents a yield of 2.17%. Beazley’s dividend payout ratio (DPR) is 1,166.67%.
Insider Activity
In related news, insider Adrian Cox sold 26,323 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($7.98), for a total transaction of £170,046.58 ($210,037.77). In other news, insider Adrian Cox sold 26,323 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($7.98), for a total value of £170,046.58 ($210,037.77). Also, insider Sally Lake sold 7,500 shares of Beazley stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.29), for a total transaction of £50,325 ($62,160.33). Corporate insiders own 2.20% 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.
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