Stock Buyback Plan Authorized by B.P. Marsh & Partners (LON:BPM)

B.P. Marsh & Partners (LON:BPM) announced that its board has authorized a stock buyback plan on Thursday, March 26th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the insurance provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

B.P. Marsh & Partners Stock Performance

LON BPM opened at GBX 636.89 on Friday. B.P. Marsh & Partners has a 52-week low of GBX 613 and a 52-week high of GBX 729.80. The company has a market capitalization of £224.63 million, a P/E ratio of 2.37 and a beta of 0.17. The company has a fifty day moving average of GBX 664.19 and a 200-day moving average of GBX 672.96.

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.