Jefferies Financial Group cut shares of Beazley (LON:BEZ) to a hold rating in a research report released on Thursday morning, Stock Target Advisor reports. They currently have GBX 611 ($8.04) target price on the stock, down from their prior target price of GBX 616 ($8.10).
Other research analysts also recently issued reports about the company. Morgan Stanley cut their price objective on Beazley from GBX 690 ($9.08) to GBX 660 ($8.68) and set an overweight rating for the company in a research report on Monday, December 2nd. Canaccord Genuity restated a hold rating and set a GBX 625 ($8.22) price objective on shares of Beazley in a research report on Monday, November 11th. Royal Bank of Canada lifted their price objective on Beazley from GBX 600 ($7.89) to GBX 675 ($8.88) and gave the stock an outperform rating in a research report on Tuesday, January 21st. Peel Hunt cut their price objective on Beazley from GBX 450 ($5.92) to GBX 440 ($5.79) and set a reduce rating for the company in a research report on Tuesday. Finally, UBS Group lifted their price objective on Beazley from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the stock a buy rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Beazley has an average rating of Buy and a consensus target price of GBX 591.20 ($7.78).
Shares of Beazley stock traded up GBX 8.50 ($0.11) during trading on Thursday, hitting GBX 580 ($7.63). 1,180,516 shares of the company were exchanged, compared to its average volume of 2,070,000. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 36.56. Beazley has a fifty-two week low of GBX 499.40 ($6.57) and a fifty-two week high of GBX 634 ($8.34). The stock has a market capitalization of $3.07 billion and a price-to-earnings ratio of 13.18. The firm has a 50 day moving average price of GBX 552.80 and a 200 day moving average price of GBX 570.19.
The company also recently announced a dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, February 27th will be paid a GBX 8.20 ($0.11) dividend. This is a boost from Beazley’s previous dividend of $4.10. This represents a yield of 1.42%. The ex-dividend date is Thursday, February 27th. Beazley’s payout ratio is presently 0.27%.
In other Beazley news, insider Adrian Cox sold 35,836 shares of Beazley stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of GBX 599 ($7.88), for a total value of £214,657.64 ($282,369.96). Also, insider Sally Lake bought 1,888 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of GBX 534 ($7.02) per share, with a total value of £10,081.92 ($13,262.19). Insiders acquired a total of 43,188 shares of company stock valued at $23,566,692 over the last ninety days.
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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