Numis Securities Reiterates “Hold” Rating for Beazley (BEZ)

Beazley (LON:BEZ)‘s stock had its “hold” rating reiterated by analysts at Numis Securities in a research note issued on Friday.

Several other research firms have also weighed in on BEZ. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Beazley in a research note on Thursday. Shore Capital reiterated a “buy” rating on shares of Beazley in a research note on Wednesday. Peel Hunt reiterated a “reduce” rating and issued a GBX 320 ($4.34) price objective on shares of Beazley in a research note on Thursday, January 4th. Finally, Berenberg Bank assumed coverage on shares of Beazley in a research note on Wednesday, December 13th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 373.75 ($5.07).

Beazley (LON:BEZ) traded up GBX 3 ($0.04) during trading hours on Friday, hitting GBX 525 ($7.12). The stock has a market capitalization of $2,740.00 and a P/E ratio of 1,640.63. Beazley has a 1-year low of GBX 388.80 ($5.27) and a 1-year high of GBX 541.50 ($7.34).

In other Beazley news, insider David Roberts purchased 41,300 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was acquired at an average price of GBX 486 ($6.59) per share, for a total transaction of £200,718 ($272,196.91).

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Beazley Company Profile

Beazley plc is a holding company for the Beazley group, which is engaged in the specialist risk insurance and reinsurance business. The Company’s segments include Life, accident & health, which underwrites life, health, personal accident, sports and income protection risks; Marine, which underwrites a range of marine classes, including hull, satellite, aviation and war risks; Political risks & contingency, which underwrites terrorism, political violence, expropriation and credit risks, as well as contingency and risks associated with contract frustration; Property, which underwrites commercial, homeowner’s, and construction and engineering property insurance; Reinsurance, which specializes in writing property catastrophe, casualty clash, aggregate excess of loss and pro-rata business, and Specialty lines, which underwrites professional liability, management liability and environmental liability, including architects and engineers, healthcare, technology and business services.

Analyst Recommendations for Beazley (LON:BEZ)

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