Analysts Set Beazley PLC (BEZ) Price Target at $372.50

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).

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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.

Analyst Recommendations for Beazley (LON:BEZ)

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