B.P. Marsh & Partners (LON:BPM – Get Free Report) posted its earnings results on Wednesday. The insurance provider reported GBX 132.60 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 1,040 million during the quarter. B.P. Marsh & Partners had a return on equity of 30.90% and a net margin of 424.26%.
B.P. Marsh & Partners Stock Performance
B.P. Marsh & Partners stock opened at GBX 700 on Wednesday. B.P. Marsh & Partners has a one year low of GBX 613 and a one year high of GBX 719.92. The company has a 50-day simple moving average of GBX 662.06 and a 200-day simple moving average of GBX 668.62. The firm has a market capitalization of £246.81 million, a P/E ratio of 2.60 and a beta of 0.20.
B.P. Marsh & Partners declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 26th that permits the company to buyback 0 shares. This buyback authorization permits the insurance provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
About B.P. Marsh & Partners
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.
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