Shares of Beazley PLC (LON:BEZ) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 372.50 ($5.15).
Several research firms have commented on BEZ. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Beazley in a report on Friday, January 5th. Berenberg Bank started coverage on Beazley in a report on Wednesday, December 13th. They set a “hold” rating on the stock. Shore Capital reaffirmed a “buy” rating on shares of Beazley in a report on Thursday, February 8th. Peel Hunt reiterated a “reduce” rating and set a GBX 380 ($5.25) price objective on shares of Beazley in a research note on Thursday, February 8th. Finally, Numis Securities reiterated a “hold” rating on shares of Beazley in a research note on Friday, January 19th.
Shares of Beazley (LON BEZ) traded up GBX 6.59 ($0.09) during trading hours on Tuesday, hitting GBX 570.09 ($7.88). 4,690,000 shares of the company were exchanged, compared to its average volume of 1,840,000. The stock has a market cap of $2,970.00 and a P/E ratio of 1,781.53. Beazley has a 52 week low of GBX 422.15 ($5.83) and a 52 week high of GBX 579 ($8.00).
The business also recently disclosed a dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 1st will be paid a dividend of GBX 7.40 ($0.10) per share. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, March 1st. This is a positive change from Beazley’s previous dividend of $3.70.
In other news, insider David Roberts acquired 41,300 shares of the stock in a transaction on Monday, December 18th. The shares were purchased at an average cost of GBX 486 ($6.71) per share, for a total transaction of £200,718 ($277,311.41). Also, insider Martin Bride sold 51,918 shares of Beazley stock in a transaction on Thursday, February 15th. The shares were sold at an average price of GBX 536 ($7.41), for a total transaction of £278,280.48 ($384,471.51).
ILLEGAL ACTIVITY NOTICE: “Analysts Set Beazley PLC (BEZ) Price Target at $372.50” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/03/09/analysts-set-beazley-plc-bez-price-target-at-372-50.html.
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.
Receive News & Ratings for Beazley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazley and related companies with MarketBeat.com's FREE daily email newsletter.