Beazley plc (BEZ) To Go Ex-Dividend on March 20th

Beazley plc (LON:BEZ) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 25 ($0.32) per share on Friday, May 2nd. This represents a yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 76.1% increase from Beazley’s previous dividend of $14.20. The official announcement can be accessed at this link.

Beazley Price Performance

Shares of BEZ traded up GBX 3 ($0.04) during midday trading on Tuesday, reaching GBX 901.50 ($11.71). The stock had a trading volume of 184,884,047 shares, compared to its average volume of 8,784,146. The company has a market cap of £6.93 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 1.57 and a beta of 0.68. The company’s fifty day simple moving average is GBX 844.19 and its two-hundred day simple moving average is GBX 803.28. Beazley has a 1-year low of GBX 611 ($7.94) and a 1-year high of GBX 925 ($12.01).

Beazley (LON:BEZ) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.78) earnings per share for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. On average, sell-side analysts forecast that Beazley will post 101.6172507 earnings per share for the current year.

Beazley announced that its board has authorized a stock repurchase program on Tuesday, March 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Beazley

In other Beazley news, insider Adrian Cox sold 27,772 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of GBX 902 ($11.72), for a total value of £250,503.44 ($325,371.40). 2.31% of the stock is currently owned by corporate 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.