Beazley (LON:BEZ) Shares Cross Above 200-Day Moving Average of $549.22

Shares of Beazley PLC (LON:BEZ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $549.22 and traded as high as $591.00. Beazley shares last traded at $584.00, with a volume of 833,559 shares changing hands.

A number of equities research analysts have issued reports on the company. Jefferies Financial Group boosted their price target on Beazley from GBX 650 ($8.49) to GBX 655 ($8.56) and gave the company a “buy” rating in a research report on Tuesday, June 18th. Shore Capital restated a “buy” rating on shares of Beazley in a research note on Tuesday, July 23rd. UBS Group upgraded Beazley to a “buy” rating and boosted their price objective for the stock from GBX 575 ($7.51) to GBX 635 ($8.30) in a research note on Monday, August 12th. Royal Bank of Canada reduced their price objective on Beazley from GBX 700 ($9.15) to GBX 675 ($8.82) and set a “top pick” rating on the stock in a research note on Friday, July 19th. Finally, Peel Hunt restated a “reduce” rating on shares of Beazley in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 620.88 ($8.11).

The company has a 50 day simple moving average of GBX 566.30 and a 200-day simple moving average of GBX 549.22. The stock has a market cap of $3.11 billion and a price-to-earnings ratio of 19.27. The company has a quick ratio of 11.23, a current ratio of 13.44 and a debt-to-equity ratio of 25.45.

The company also recently disclosed a dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 1st will be paid a dividend of GBX 4.10 ($0.05) per share. This represents a yield of 0.74%. The ex-dividend date of this dividend is Thursday, August 1st. Beazley’s payout ratio is currently 0.40%.

In other news, insider Adrian Cox acquired 6,742 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were purchased at an average price of GBX 267 ($3.49) per share, for a total transaction of £18,001.14 ($23,521.68).

Beazley Company Profile (LON:BEZ)

Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.

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