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

Shares of Beazley plc (LON:BEZ) passed 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 changing hands.

Beazley Stock Performance

The firm’s 50 day moving average is GBX 842.48 and its 200-day moving average is GBX 801.94. The firm has a market cap of £6.80 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68.

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

Beazley declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Adrian Cox sold 27,772 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.67), for a total transaction of £250,503.44 ($324,024.63). Insiders own 2.31% of the company’s stock.

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.