Beazley (LON:BEZ) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Beazley plc (LON:BEZ) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,077.15 and traded as high as GBX 1,281. Beazley shares last traded at GBX 1,280.50, with a volume of 967,449 shares traded.

Analyst Ratings Changes

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

Beazley Stock Down 0.0%

The firm has a market cap of £7.56 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.57 and a beta of 0.28. The business has a 50-day moving average price of GBX 1,276.33 and a two-hundred day moving average price of GBX 1,078.57.

Insider Buying and Selling at Beazley

In related news, insider Adrian Cox sold 77,032 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 £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 value of £236,660.40. Insiders have sold a total of 104,166 shares of company stock valued at $134,261,200 over the last three months. 1.74% of the stock is currently owned by 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.