Beazley (LON:BEZ) Given Overweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Beazley (LON:BEZ) in a research note issued to investors on Tuesday, Marketbeat reports.

Separately, Berenberg Bank reiterated a buy rating and issued a GBX 880 ($11.14) price target on shares of Beazley in a research note on Thursday, March 7th.

Beazley Stock Performance

Shares of BEZ stock opened at GBX 660 ($8.35) on Tuesday. The stock has a market cap of £4.29 billion, a P/E ratio of 550.00, a P/E/G ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 16.26, a current ratio of 20.77 and a quick ratio of 6.45. The company has a fifty day moving average price of GBX 636.46 and a two-hundred day moving average price of GBX 571.44. Beazley has a one year low of GBX 485.80 ($6.15) and a one year high of GBX 699.50 ($8.85).

Beazley Increases Dividend

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

Insider Transactions at Beazley

In other news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.49), for a total transaction of £50,325 ($63,694.47). In related news, insider Adrian Cox sold 26,323 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.18), for a total transaction of £170,046.58 ($215,221.59). Also, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of GBX 671 ($8.49), for a total transaction of £50,325 ($63,694.47). 2.20% of the stock is currently owned by corporate 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.