Stock Repurchase Program Declared by B.P. Marsh & Partners (LON:BPM) Board

B.P. Marsh & Partners (LON:BPM) declared that its board has authorized a stock repurchase program on Thursday, March 26th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization authorizes the insurance provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

B.P. Marsh & Partners Trading Up 1.1%

BPM stock opened at GBX 636.89 on Friday. B.P. Marsh & Partners has a 12-month low of GBX 613 and a 12-month high of GBX 729.80. The business’s 50-day moving average is GBX 664.19 and its 200 day moving average is GBX 673.03. The stock has a market cap of £224.63 million, a price-to-earnings ratio of 2.37 and a beta of 0.17.

B.P. Marsh & Partners Company Profile

B.P. Marsh & Partners PLC is a specialist venture capital / private equity investor in early stage financial services intermediary businesses, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. It considers investment opportunities based in the United Kingdom, Europe, North America and Internationally.

The Group invests amounts of up to £5m in the first round. Investment structure is flexible and investment stage ranges from start up to more developed.