Beazley (LON:BEZ) Price Target Increased to GBX 920 by Analysts at Barclays

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

Several other equities analysts have also recently weighed in on BEZ. Berenberg Bank restated a buy rating and set a GBX 880 ($11.05) price objective on shares of Beazley in a research note on Thursday, March 7th. Royal Bank of Canada upped their price objective on shares of Beazley from GBX 975 ($12.25) to GBX 1,000 ($12.56) and gave the stock an outperform rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted 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. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of GBX 906 ($11.38).

Beazley Price Performance

BEZ stock opened at GBX 629.50 ($7.91) on Friday. The company has a market capitalization of £4.09 billion, a P/E ratio of 524.58, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. Beazley has a 52-week low of GBX 485.80 ($6.10) and a 52-week high of GBX 699.50 ($8.79). The business has a 50-day simple moving average of GBX 661.79 and a two-hundred day simple moving average of GBX 584.50. The company has a debt-to-equity ratio of 16.26, a quick ratio of 6.45 and a current ratio of 20.77.

Beazley Increases Dividend

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

Insider Buying and Selling at Beazley

In other news, insider Sally Lake sold 7,500 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total transaction of £50,325 ($63,214.42). 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 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.

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.