Beazley PLC (BEZ) Insider Adrian Cox Sells 3,000 Shares

Beazley PLC (LON:BEZ) insider Adrian Cox sold 3,000 shares of Beazley stock in a transaction dated Monday, March 25th. The stock was sold at an average price of GBX 506 ($6.61), for a total value of £15,180 ($19,835.36).

Adrian Cox also recently made the following trade(s):

  • On Wednesday, February 13th, Adrian Cox sold 5,604 shares of Beazley stock. The shares were sold at an average price of GBX 505 ($6.60), for a total transaction of £28,300.20 ($36,979.22).

BEZ traded up GBX 4.50 ($0.06) during midday trading on Friday, reaching GBX 563 ($7.36). 1,179,040 shares of the company’s stock were exchanged, compared to its average volume of 2,070,000. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 24.32. The stock has a market cap of $2.96 billion and a P/E ratio of 43.98. Beazley PLC has a 1-year low of GBX 484.20 ($6.33) and a 1-year high of GBX 621.50 ($8.12).

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, February 28th were issued a dividend of GBX 7.80 ($0.10) per share. The ex-dividend date was Thursday, February 28th. This is an increase from Beazley’s previous dividend of $3.90. This represents a dividend yield of 1.5%. Beazley’s payout ratio is 0.94%.

BEZ has been the topic of several analyst reports. Peel Hunt reaffirmed a “reduce” rating on shares of Beazley in a report on Tuesday, April 2nd. Berenberg Bank reduced their price objective on shares of Beazley from GBX 640 ($8.36) to GBX 622 ($8.13) and set a “buy” rating on the stock in a report on Thursday, April 11th. Jefferies Financial Group reduced their price objective on shares of Beazley from GBX 680 ($8.89) to GBX 650 ($8.49) and set a “buy” rating on the stock in a report on Friday, February 15th. UBS Group raised their price objective on shares of Beazley from GBX 550 ($7.19) to GBX 560 ($7.32) and gave the company a “neutral” rating in a report on Monday, February 18th. Finally, Royal Bank of Canada raised their price objective on shares of Beazley from GBX 650 ($8.49) to GBX 700 ($9.15) and gave the company a “top pick” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Beazley presently has a consensus rating of “Buy” and a consensus price target of GBX 607.43 ($7.94).

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About Beazley

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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