Beazley (LON:BEZ) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Beazley plc (LON:BEZ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 801.35 ($10.38) and traded as high as GBX 904.50 ($11.72). Beazley shares last traded at GBX 872 ($11.30), with a volume of 2,455,595 shares changing hands.

Beazley Price Performance

The firm has a market capitalization of £6.70 billion, a PE ratio of 5.46, a P/E/G ratio of 1.57 and a beta of 0.68. The company’s fifty day simple moving average is GBX 841.06 and its 200 day simple moving average is GBX 801.35.

Beazley (LON:BEZ) last posted its earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.77) earnings per share (EPS) for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. On average, analysts anticipate that Beazley plc will post 101.6172507 earnings per share for the current fiscal year.

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

Insider Buying and Selling at Beazley

In other Beazley news, insider Adrian Cox sold 27,772 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($11.68), for a total value of £250,503.44 ($324,486.32). Insiders own 2.31% of the company’s stock.

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.