Beazley (BEZ) Earns “Overweight” Rating from JPMorgan Chase & Co.

Beazley (LON:BEZ)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, March 8th.

Several other equities analysts have also recently issued reports on BEZ. Shore Capital reiterated a “buy” rating on shares of Beazley in a report on Thursday, November 9th. Numis Securities restated a “hold” rating on shares of Beazley in a report on Friday, January 19th. Peel Hunt restated a “reduce” rating and set a GBX 320 ($4.42) target price on shares of Beazley in a report on Thursday, January 4th. Finally, Berenberg Bank initiated coverage on Beazley in a report on Wednesday, December 13th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Beazley currently has a consensus rating of “Hold” and a consensus target price of GBX 372.50 ($5.15).

Beazley (BEZ) traded down GBX 4.50 ($0.06) during trading on Thursday, reaching GBX 552.50 ($7.63). The company had a trading volume of 2,025,608 shares, compared to its average volume of 2,070,000. The company has a market capitalization of $2,890.00 and a PE ratio of 1,726.56. Beazley has a fifty-two week low of GBX 422.15 ($5.83) and a fifty-two week high of GBX 579 ($8.00).

In related news, insider David Roberts bought 41,300 shares of Beazley stock in a transaction on Monday, December 18th. The shares were purchased at an average price of GBX 486 ($6.71) per share, for a total transaction of £200,718 ($277,311.41). Also, insider Martin Bride sold 200,236 shares of the firm’s stock in a transaction dated Monday, February 19th. The stock was sold at an average price of GBX 531 ($7.34), for a total value of £1,063,253.16 ($1,468,987.51).

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About Beazley

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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