Beazley plc (LON:BEZ) Raises Dividend to GBX 25 Per Share

Beazley plc (LON:BEZ) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 20th will be paid a dividend of GBX 25 ($0.32) per share on Friday, May 2nd. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 76.1% increase from Beazley’s previous dividend of $14.20. The official announcement can be seen at this link.

Beazley Price Performance

Shares of BEZ traded up GBX 3 ($0.04) during mid-day trading on Tuesday, reaching GBX 901.50 ($11.71). 184,884,047 shares of the company’s stock were exchanged, compared to its average volume of 8,784,146. The stock has a market capitalization of £6.93 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The business’s fifty day simple moving average is GBX 844.19 and its 200-day simple moving average is GBX 803.28. Beazley has a 52-week low of GBX 611 ($7.94) and a 52-week high of GBX 925 ($12.01).

Beazley (LON:BEZ) last announced its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.78) earnings per share (EPS) for the quarter. Beazley had a net margin of 22.82% and a return on equity of 32.60%. Equities research analysts predict that Beazley will post 101.6172507 earnings per share for the current year.

Beazley declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Beazley

In other news, insider Adrian Cox sold 27,772 shares of Beazley stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.72), for a total value of £250,503.44 ($325,371.40). Insiders own 2.31% 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.