Beazley (LON:BEZ) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Beazley plc (LON:BEZ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,077.15 and traded as high as GBX 1,281. Beazley shares last traded at GBX 1,280.50, with a volume of 967,449 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Beazley to a “neutral” rating and boosted their price objective for the company from GBX 1,025 to GBX 1,280 in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,074.17.

Beazley Price Performance

The stock has a market cap of £7.57 billion, a P/E ratio of 8.84, a P/E/G ratio of 1.57 and a beta of 0.28. The company has a 50-day simple moving average of GBX 1,276.51 and a two-hundred day simple moving average of GBX 1,077.15.

Insider Buying and Selling

In related news, insider Paul Bantick sold 18,360 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 1,289, for a total transaction of £236,660.40. Also, insider Adrian Cox sold 77,032 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total value of £992,942.48. In the last 90 days, insiders have sold 104,166 shares of company stock valued at $134,261,200. 1.74% of the stock is 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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.