Beazley (LON:BEZ) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Beazley plc (LON:BEZ)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 994.98 and traded as high as GBX 1,269. Beazley shares last traded at GBX 1,266, with a volume of 2,972,746 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Beazley to a “neutral” rating and raised their target price for the company from GBX 1,025 to GBX 1,280 in a report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,074.17.

Beazley Price Performance

The company has a market cap of £7.50 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.57 and a beta of 0.29. The firm has a fifty day simple moving average of GBX 1,238.80 and a 200 day simple moving average of GBX 996.91.

Insiders Place Their Bets

In related news, insider Adrian Cox sold 77,032 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total value of £992,942.48. Also, insider Paul Bantick sold 18,360 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of GBX 1,289, for a total transaction of £236,660.40. Insiders sold a total of 104,166 shares of company stock worth $134,261,200 over the last quarter. 1.74% of the stock is currently owned by company insiders.

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.