Other equities analysts have also recently issued reports about the stock. Canaccord Genuity lowered their price objective on shares of Beazley from GBX 685 ($8.95) to GBX 610 ($7.97) and set a buy rating for the company in a research report on Friday, November 9th. UBS Group reduced 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 report on Thursday, January 3rd. Credit Suisse Group reissued an outperform rating on shares of Beazley in a report on Thursday, November 15th. JPMorgan Chase & Co. reduced their price objective on shares of Beazley from GBX 670 ($8.75) to GBX 650 ($8.49) and set an overweight rating on the stock in a research note on Friday, November 9th. Finally, Royal Bank of Canada reaffirmed a top pick rating on shares of Beazley in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 586 ($7.66).
Shares of LON:BEZ traded up GBX 1 ($0.01) during midday trading on Monday, hitting GBX 548.50 ($7.17). The stock had a trading volume of 1,840,407 shares, compared to its average volume of 2,070,000. Beazley has a fifty-two week low of GBX 422.15 ($5.52) and a fifty-two week high of GBX 579 ($7.57).
The firm also recently disclosed a dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, February 28th will be issued a dividend of GBX 7.80 ($0.10) per share. This is an increase from Beazley’s previous dividend of $3.90. The ex-dividend date is Thursday, February 28th. This represents a yield of 1.5%.
In other news, insider Adrian Cox sold 5,604 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of GBX 505 ($6.60), for a total value of £28,300.20 ($36,979.22).
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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