Barclays Boosts Beazley (LON:BEZ) Price Target to GBX 920

Beazley (LON:BEZ) had its price target hoisted by Barclays from GBX 910 ($11.43) to GBX 920 ($11.56) in a research note published on Friday morning, MarketBeat reports. They currently have an overweight rating on the stock.

BEZ has been the topic of a number of other reports. Royal Bank of Canada boosted their price objective on Beazley from GBX 975 ($12.25) to GBX 1,000 ($12.56) and gave the company an outperform rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Beazley from GBX 770 ($9.67) to GBX 870 ($10.93) and gave the company an overweight rating in a report on Tuesday, April 30th. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 880 ($11.05) price objective on shares of Beazley in a report on Thursday, March 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Beazley presently has an average rating of Buy and an average target price of GBX 906 ($11.38).

Beazley Stock Down 1.6 %

LON BEZ opened at GBX 629.50 ($7.91) on Friday. Beazley has a twelve month low of GBX 485.80 ($6.10) and a twelve month high of GBX 699.50 ($8.79). The company has a debt-to-equity ratio of 16.26, a quick ratio of 6.45 and a current ratio of 20.77. The stock has a market cap of £4.09 billion, a PE ratio of 524.58, a PEG ratio of 1.57 and a beta of 0.68. The firm has a 50-day simple moving average of GBX 661.79 and a 200 day simple moving average of GBX 585.25.

Beazley Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Shareholders of record on Thursday, March 21st were issued a dividend of GBX 14.20 ($0.18) per share. The ex-dividend date of this dividend was Thursday, March 21st. This is a boost from Beazley’s previous dividend of $13.50. This represents a dividend yield of 2.17%. Beazley’s dividend payout ratio (DPR) is presently 1,166.67%.

Insider Transactions at Beazley

In related news, insider Sally Lake sold 7,500 shares of Beazley stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.43), for a total transaction of £50,325 ($63,214.42). In other Beazley news, insider Sally Lake sold 7,500 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). Also, insider Adrian Cox sold 26,323 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of GBX 646 ($8.11), for a total value of £170,046.58 ($213,599.52). 2.20% of the stock is owned by insiders.

About Beazley

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.