Beazley (LON:BEZ) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Beazley plc (LON:BEZGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 808.43 ($10.47) and traded as high as GBX 885.50 ($11.46). Beazley shares last traded at GBX 882.50 ($11.43), with a volume of 146,590,563 shares traded.

Beazley Stock Up 1.5 %

The company has a market cap of £7.01 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The firm has a 50 day simple moving average of GBX 855.80 and a 200-day simple moving average of GBX 809.26.

Beazley (LON:BEZGet Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 137 ($1.77) EPS for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. As a group, equities analysts anticipate that Beazley plc will post 101.6172507 EPS for the current year.

Beazley Increases Dividend

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

Beazley declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Beazley

In other news, insider Adrian Cox sold 27,772 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.68), for a total value of £250,503.44 ($324,318.28). Corporate insiders own 2.31% of the company’s stock.

About Beazley

(Get Free Report)

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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