Shares of Beazley PLC (LON:BEZ) have received a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 372.50 ($5.15).
BEZ has been the subject of several analyst reports. Shore Capital reissued a “buy” rating on shares of Beazley in a research note on Wednesday, January 17th. Peel Hunt boosted their target price on Beazley from GBX 320 ($4.42) to GBX 380 ($5.25) and gave the stock a “reduce” rating in a research note on Friday, February 2nd. Numis Securities raised Beazley to an “add” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a research report on Wednesday, November 8th. Finally, Berenberg Bank initiated coverage on Beazley in a research report on Wednesday, December 13th. They set a “hold” rating for the company.
In other Beazley news, insider David Roberts acquired 41,300 shares of the stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of GBX 486 ($6.71) per share, with a total value of £200,718 ($277,311.41).
Beazley (BEZ) traded down GBX 7 ($0.10) on Friday, reaching GBX 534 ($7.38). The company had a trading volume of 2,184,629 shares, compared to its average volume of 1,540,000. Beazley has a 1 year low of GBX 418.20 ($5.78) and a 1 year high of GBX 568.50 ($7.85). The firm has a market cap of $2,780.00 and a PE ratio of 1,668.75.
The firm also recently disclosed a dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 1st will be given a dividend of GBX 7.40 ($0.10) per share. This is a boost from Beazley’s previous dividend of $3.70. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, March 1st.
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Beazley Company Profile
Beazley plc is a holding company for the Beazley group, which is engaged in the specialist risk insurance and reinsurance business. The Company’s segments include Life, accident & health, which underwrites life, health, personal accident, sports and income protection risks; Marine, which underwrites a range of marine classes, including hull, satellite, aviation and war risks; Political risks & contingency, which underwrites terrorism, political violence, expropriation and credit risks, as well as contingency and risks associated with contract frustration; Property, which underwrites commercial, homeowner’s, and construction and engineering property insurance; Reinsurance, which specializes in writing property catastrophe, casualty clash, aggregate excess of loss and pro-rata business, and Specialty lines, which underwrites professional liability, management liability and environmental liability, including architects and engineers, healthcare, technology and business services.
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