Beazley plc (LON:BEZ) Plans Dividend of GBX 25

Beazley plc (LON:BEZ) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be paid 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 viewed at this link.

Beazley Stock Performance

Shares of Beazley stock traded up GBX 3 ($0.04) during trading on Tuesday, reaching GBX 901.50 ($11.71). 184,884,047 shares of the company’s stock were exchanged, compared to its average volume of 8,784,146. Beazley has a 1-year low of GBX 611 ($7.94) and a 1-year high of GBX 925 ($12.01). The company has a market cap of £6.93 billion, a P/E ratio of 5.64, a PEG ratio of 1.57 and a beta of 0.68. The firm’s 50-day moving average price is GBX 844.19 and its 200 day moving average price is GBX 803.28.

Beazley (LON:BEZ) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 137 ($1.78) EPS for the quarter. Beazley had a return on equity of 32.60% and a net margin of 22.82%. As a group, equities research analysts predict that Beazley will post 101.6172507 EPS for the current year.

Insider Buying and Selling

In other Beazley news, insider Adrian Cox sold 27,772 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was 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 announced that its Board of Directors has authorized a share repurchase program on Tuesday, March 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.