Peel Hunt reiterated their reduce rating on shares of Beazley (LON:BEZ) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued research reports about the stock. Morgan Stanley reduced their target price on shares of Beazley from GBX 690 ($9.08) to GBX 660 ($8.68) and set an overweight rating on the stock in a research note on Monday, December 2nd. Royal Bank of Canada reaffirmed an outperform rating on shares of Beazley in a research note on Friday, March 20th. JPMorgan Chase & Co. raised their target price on shares of Beazley from GBX 600 ($7.89) to GBX 660 ($8.68) and gave the company an overweight rating in a research note on Wednesday, February 26th. Jefferies Financial Group lowered shares of Beazley to a hold rating and reduced their target price for the company from GBX 616 ($8.10) to GBX 611 ($8.04) in a research note on Thursday, February 13th. Finally, Goldman Sachs Group started coverage on shares of Beazley in a research note on Monday, February 3rd. They issued a neutral rating and a GBX 555 ($7.30) target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 582.70 ($7.67).
Shares of LON BEZ opened at GBX 378.80 ($4.98) on Tuesday. The firm has a market capitalization of $2.13 billion and a PE ratio of 8.61. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 36.56. Beazley has a 1 year low of GBX 294.20 ($3.87) and a 1 year high of GBX 634 ($8.34). The firm’s 50-day moving average is GBX 506.15 and its 200-day moving average is GBX 551.99.
The company also recently declared a dividend, which will be paid on Monday, March 30th. Investors of record on Thursday, February 27th will be given a GBX 8.20 ($0.11) dividend. This represents a dividend yield of 1.42%. This is an increase from Beazley’s previous dividend of $4.10. The ex-dividend date of this dividend is Thursday, February 27th. Beazley’s dividend payout ratio (DPR) is currently 0.27%.
In related news, insider Sally Lake bought 5,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were purchased at an average cost of GBX 375 ($4.93) per share, for a total transaction of £18,750 ($24,664.56). Also, insider Adrian Cox sold 35,836 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of GBX 599 ($7.88), for a total transaction of £214,657.64 ($282,369.96).
Beazley Company Profile
Beazley plc provides risk insurance and reinsurance solutions worldwide. The company's Marine segment underwrites various marine classes, including hull, energy, cargo and specie, piracy, satellite, aviation, kidnap and ransom, and war risks. Its Political, Accident & Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration.
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