Beazley (LON:BEZ) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Beazley plc (LON:BEZ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,103.17 and traded as high as GBX 1,281.50. Beazley shares last traded at GBX 1,281, with a volume of 2,118,132 shares trading hands.

Beazley Stock Performance

The stock’s 50-day moving average is GBX 1,275.05 and its 200-day moving average is GBX 1,103.17. The company has a market cap of £7.57 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 1.57 and a beta of 0.28.

Insiders Place Their Bets

In related news, insider Paul Bantick sold 18,360 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were 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 business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of GBX 1,289, for a total transaction of £992,942.48. Insiders have sold a total of 119,389 shares of company stock worth $153,731,417 in the last quarter. 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.