Beazley (LON:BEZ) Given New GBX 870 Price Target at JPMorgan Chase & Co.

Beazley (LON:BEZ) had its price target boosted by JPMorgan Chase & Co. from GBX 770 ($9.67) to GBX 870 ($10.93) in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the company. Berenberg Bank restated a buy rating and issued a GBX 880 ($11.05) target price on shares of Beazley in a research note on Thursday, March 7th. Royal Bank of Canada raised their price objective on Beazley from GBX 975 ($12.25) to GBX 1,000 ($12.56) and gave the company an outperform rating in a research note on Tuesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Beazley currently has a consensus rating of Buy and a consensus price target of GBX 874 ($10.98).

Beazley Trading Down 0.8 %

LON:BEZ opened at GBX 657.50 ($8.26) on Tuesday. Beazley has a 12 month low of GBX 485.80 ($6.10) and a 12 month high of GBX 699.50 ($8.79). The company has a current ratio of 20.77, a quick ratio of 6.45 and a debt-to-equity ratio of 16.26. The stock has a market capitalization of £4.27 billion, a price-to-earnings ratio of 552.50, a PEG ratio of 1.57 and a beta of 0.68. The firm has a fifty day simple moving average of GBX 660.37 and a two-hundred day simple moving average of GBX 582.84.

Beazley Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, March 21st will be issued a dividend of GBX 14.20 ($0.18) per share. This is a boost from Beazley’s previous dividend of $13.50. This represents a dividend yield of 2.17%. The ex-dividend date is Thursday, March 21st. Beazley’s dividend payout ratio (DPR) is currently 1,166.67%.

Insider Transactions at Beazley

In related news, insider Sally Lake sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.43), for a total value of £50,325 ($63,214.42). In other Beazley news, insider Adrian Cox sold 26,323 shares of Beazley stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of GBX 646 ($8.11), for a total transaction of £170,046.58 ($213,599.52). Also, insider Sally Lake sold 7,500 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of GBX 671 ($8.43), for a total transaction of £50,325 ($63,214.42). 2.20% of the stock is currently owned by insiders.

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.