Shares of Beazley plc (LON:BEZ – Get Free Report) shot up 0.6% during trading on Monday . The company traded as high as GBX 825.50 and last traded at GBX 825. 54,471,066 shares were traded during trading, an increase of 409% from the average session volume of 10,702,114 shares. The stock had previously closed at GBX 820.
Trending Headlines about Beazley
Here are the key news stories impacting Beazley this week:
- Positive Sentiment: Zurich reportedly plans to build a “leading” global specialty insurance platform and has sweetened a cash offer for Beazley, which supports a takeover premium for shareholders. Swiss Insurer Zurich Eyes Creation of ‘Leading’ Global Specialty Platform With Sweetened Beazley Bid
- Positive Sentiment: Market reaction to takeover speculation drove a very large short-term price jump (one report notes a ~40% intraday move), indicating strong investor appetite for a deal premium. Beazley (LON:BEZ) Stock Price Up 40.5% – Time to Buy?
- Neutral Sentiment: Beazley disclosed it received an unsolicited, non-binding, conditional all-cash proposal and initially rejected Zurich’s approach — a common early-stage defensive response that leaves room for further negotiations or a revised offer. Beazley Rejects Initial Zurich Approach as Takeover Talks Loom
- Negative Sentiment: Commentary in the Financial Times frames the bid as symptomatic of wider structural shifts (foreign buyers, consolidation) that could pressure London-listed specialty insurers’ strategic independence and long-term shareholder outcomes; this raises governance and regulatory uncertainty around any deal. Bad news: Zurich’s Beazley bid is a symptom of London getting cleaner
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Beazley from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. lowered their price objective on shares of Beazley from GBX 1,050 to GBX 1,025 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Jefferies Financial Group boosted their target price on shares of Beazley from GBX 1,000 to GBX 1,040 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Peel Hunt restated an “add” rating and issued a GBX 900 target price on shares of Beazley in a report on Tuesday, November 25th. Finally, Berenberg Bank decreased their target price on Beazley from GBX 1,150 to GBX 1,100 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Beazley presently has a consensus rating of “Buy” and a consensus target price of GBX 1,033.
Beazley Stock Up 2.2%
The stock has a market capitalization of £6.78 billion, a PE ratio of 7.62, a P/E/G ratio of 1.57 and a beta of 0.68. The stock’s 50-day moving average is GBX 839.13 and its 200 day moving average is GBX 859.03.
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. 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.
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