Beazley plc (LON:BEZ) Declares Dividend of GBX 25

Beazley plc (LON:BEZ) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Investors of record on Thursday, March 20th will be paid a dividend of GBX 25 ($0.32) per share on Friday, May 2nd. This represents a dividend yield of 2.77%. The ex-dividend date is Thursday, March 20th. This is a 76.1% increase from Beazley’s previous dividend of $14.20. The official announcement can be accessed at this link.

Beazley Stock Up 0.3 %

Shares of LON BEZ traded up GBX 3 ($0.04) during mid-day trading on Tuesday, reaching GBX 901.50 ($11.71). 184,884,047 shares of the company were exchanged, compared to its average volume of 8,784,146. The stock has a market cap of £6.93 billion, a price-to-earnings ratio of 5.64, a P/E/G ratio of 1.57 and a beta of 0.68. Beazley has a 1 year low of GBX 611 ($7.94) and a 1 year high of GBX 925 ($12.01). The firm has a 50-day moving average of GBX 844.19 and a 200 day moving average of GBX 803.28.

Beazley (LON:BEZ) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 137 ($1.78) earnings per share for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. On average, equities analysts forecast that Beazley will post 101.6172507 earnings per share for the current year.

Beazley announced that its Board of Directors has authorized a share repurchase program on Tuesday, March 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Beazley

In related news, insider Adrian Cox sold 27,772 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($11.72), for a total transaction of £250,503.44 ($325,371.40). 2.31% of the stock is currently owned by corporate 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.