John Reizenstein Acquires 10,000 Shares of Beazley PLC (BEZ) Stock

Beazley PLC (LON:BEZ) insider John Reizenstein acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was purchased at an average price of GBX 559 ($7.30) per share, for a total transaction of £55,900 ($73,043.25).

Shares of LON BEZ opened at GBX 558.82 ($7.30) on Wednesday. The firm has a market cap of $2.94 billion and a price-to-earnings ratio of 43.66. Beazley PLC has a one year low of GBX 484.20 ($6.33) and a one year high of GBX 621.50 ($8.12). The company has a debt-to-equity ratio of 24.32, a quick ratio of 1.03 and a current ratio of 1.23.

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, February 28th were given a dividend of GBX 7.80 ($0.10) per share. This is a positive change from Beazley’s previous dividend of $3.90. This represents a dividend yield of 1.5%. The ex-dividend date was Thursday, February 28th. Beazley’s payout ratio is presently 0.94%.

BEZ has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of Beazley from GBX 650 ($8.49) to GBX 700 ($9.15) and gave the company a “top pick” rating in a research report on Thursday, March 21st. Peel Hunt boosted their target price on shares of Beazley from GBX 455 ($5.95) to GBX 490 ($6.40) and gave the stock a “reduce” rating in a research report on Friday, March 1st. UBS Group decreased their target price on shares of Beazley from GBX 580 ($7.58) to GBX 550 ($7.19) and set a “neutral” rating on the stock in a research report on Thursday, January 3rd. Canaccord Genuity restated a “buy” rating and set a GBX 610 ($7.97) target price on shares of Beazley in a research report on Monday, February 11th. Finally, Shore Capital restated an “under review” rating on shares of Beazley in a research report on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 607.43 ($7.94).

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About Beazley

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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