Beazley (LON:BEZ) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Beazley plc (LON:BEZ) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 887.68 and traded as high as GBX 905. Beazley shares last traded at GBX 897, with a volume of 519,340,188 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Beazley in a research note on Thursday, October 23rd. Royal Bank Of Canada lifted their price objective on Beazley from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,150 target price on shares of Beazley in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Beazley has a consensus rating of “Buy” and an average target price of GBX 1,125.

Beazley Stock Performance

The firm has a market cap of £5.29 billion, a P/E ratio of 5.91, a P/E/G ratio of 1.57 and a beta of 0.68. The firm has a fifty day moving average of GBX 869.67 and a 200-day moving average of GBX 887.68.

Insider Buying and Selling

In other Beazley news, insider John Reizenstein purchased 5,089 shares of Beazley stock in a transaction on Thursday, August 14th. The stock was bought at an average price of GBX 786 per share, for a total transaction of £39,999.54. Also, insider Carolyn Johnson purchased 22,800 shares of the stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of GBX 776 per share, for a total transaction of £176,928. Insiders acquired 35,561 shares of company stock valued at $27,716,546 in the last three months. 1.68% 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.