Beazley (LON:BEZ) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Beazley plc (LON:BEZ) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 801.35 ($10.37) and traded as high as GBX 904.50 ($11.70). Beazley shares last traded at GBX 872 ($11.28), with a volume of 2,455,595 shares traded.

Beazley Stock Performance

The firm has a market capitalization of £6.80 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. The firm has a 50 day moving average price of GBX 842.48 and a two-hundred day moving average price of GBX 801.94.

Beazley (LON:BEZ) last issued its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.77) EPS for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. Equities research analysts forecast that Beazley plc will post 101.6172507 earnings per share for the current fiscal year.

Beazley announced that its Board of Directors has approved a stock buyback program on Tuesday, March 4th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Beazley

In other Beazley news, insider Adrian Cox sold 27,772 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($11.67), for a total value of £250,503.44 ($324,024.63). 2.31% of the stock is currently owned by insiders.

Beazley Company Profile

Beazley plc provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally. It operates through Cyber Risks, Digital, MAP Risks, Property Risks, and Specialty Risks segments. The Cyber Risk segment underwrites cyber and technology risks.