Beazley plc (LON:BEZ) Raises Dividend to GBX 25 Per Share

Beazley plc (LON:BEZ) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Investors 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 dividend 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 Trading Up 0.3 %

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

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

Beazley declared that its board has authorized a share buyback plan on Tuesday, March 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, insider Adrian Cox sold 27,772 shares of Beazley stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of GBX 902 ($11.72), for a total transaction of £250,503.44 ($325,371.40). Corporate insiders own 2.31% of the company’s stock.

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.