Beazley (LON:BEZ) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Beazley plc (LON:BEZ)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 884.80 ($11.83) and traded as high as GBX 891.50 ($11.92). Beazley shares last traded at GBX 891 ($11.91), with a volume of 1,544,352 shares traded.

Wall Street Analyst Weigh In

BEZ has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Berenberg Bank restated a “buy” rating and issued a GBX 1,150 price target on shares of Beazley in a research note on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,125.

Beazley Stock Performance

The firm has a market capitalization of £5.24 billion, a P/E ratio of 5.83, a PEG ratio of 1.57 and a beta of 0.68. The firm has a 50-day moving average of GBX 840.44 and a 200-day moving average of GBX 884.80.

Insider Activity at Beazley

In other Beazley news, insider Robert A. Stuchbery acquired 6,400 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of GBX 785 per share, with a total value of £50,240. Also, insider Carolyn Johnson acquired 22,800 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of GBX 776 per share, for a total transaction of £176,928. In the last three months, insiders have acquired 35,561 shares of company stock valued at $27,716,546. 1.68% of the stock is 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.