Beazley PLC (OTCMKTS:BZLYF) shares fell 2.1% during mid-day trading on Monday . The stock traded as low as $6.85 and last traded at $6.85, 3,625 shares traded hands during trading. A decline of 53% from the average session volume of 7,787 shares. The stock had previously closed at $7.00.
Several brokerages have recently issued reports on BZLYF. Numis Securities raised Beazley from a “hold” rating to an “add” rating in a research note on Thursday, May 9th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Beazley in a research note on Thursday, May 2nd.
The stock’s 50 day moving average is $7.02.
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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