Peel Hunt reiterated their reduce rating on shares of Beazley (LON:BEZ) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Beazley from GBX 600 ($7.89) to GBX 675 ($8.88) and gave the stock an outperform rating in a research report on Tuesday, January 21st. Morgan Stanley cut their target price on shares of Beazley from GBX 690 ($9.08) to GBX 660 ($8.68) and set an overweight rating for the company in a research report on Monday, December 2nd. UBS Group lifted their target price on shares of Beazley from GBX 630 ($8.29) to GBX 650 ($8.55) and gave the stock a buy rating in a research report on Friday, February 7th. Goldman Sachs Group assumed coverage on shares of Beazley in a research report on Monday, February 3rd. They set a neutral rating and a GBX 555 ($7.30) target price for the company. Finally, Jefferies Financial Group cut shares of Beazley to a hold rating and cut their target price for the stock from GBX 616 ($8.10) to GBX 611 ($8.04) in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Beazley currently has an average rating of Buy and an average price target of GBX 594.20 ($7.82).

Shares of LON BEZ traded up GBX 24.40 ($0.32) during midday trading on Wednesday, hitting GBX 354.40 ($4.66). The company had a trading volume of 3,315,241 shares, compared to its average volume of 2,070,000. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 36.56. Beazley has a twelve month low of GBX 468.40 ($6.16) and a twelve month high of GBX 634 ($8.34). The business has a 50-day simple moving average of GBX 528.26 and a two-hundred day simple moving average of GBX 558.64. The firm has a market capitalization of $1.88 billion and a price-to-earnings ratio of 8.05.

The firm also recently announced a dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, February 27th will be given a dividend of GBX 8.20 ($0.11) per share. The ex-dividend date is Thursday, February 27th. This represents a yield of 1.42%. This is a boost from Beazley’s previous dividend of $4.10. Beazley’s payout ratio is presently 0.27%.

In other news, insider Sally Lake acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average price of GBX 492 ($6.47) per share, with a total value of £24,600 ($32,359.91). Also, insider Adrian Cox sold 35,836 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of GBX 599 ($7.88), for a total transaction of £214,657.64 ($282,369.96).

About Beazley

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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Analyst Recommendations for Beazley (LON:BEZ)

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