Beazley (LON:BEZ) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Beazley plc (LON:BEZ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,060.82 and traded as high as GBX 1,280. Beazley shares last traded at GBX 1,280, with a volume of 3,622,272 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered Beazley to a “neutral” rating and lifted their price objective for the stock from GBX 1,025 to GBX 1,280 in a research report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Beazley has a consensus rating of “Moderate Buy” and an average price target of GBX 1,074.17.

Beazley Price Performance

The company has a market capitalization of £7.56 billion, a PE ratio of 8.84, a PEG ratio of 1.57 and a beta of 0.29. The company has a 50 day moving average of GBX 1,274.31 and a two-hundred day moving average of GBX 1,060.82.

Insider Buying and Selling at Beazley

In other news, insider Paul Bantick purchased 141 shares of Beazley stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of GBX 1,272 per share, with a total value of £1,793.52. Also, insider Adrian Cox sold 77,032 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of GBX 1,289, for a total value of £992,942.48. Over the last ninety days, insiders sold 104,166 shares of company stock worth $134,261,200. 1.74% of the stock is owned by insiders.

About Beazley

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. The Digital segment underwrites various marine, contingency, and SME liability risks through digital channels, such as e-trading platforms and broker portals. The MAP Risks segment underwrites marine, portfolio underwriting and political, and contingency business.