Beazley (LON:BEZ) Shares Cross Above 200-Day Moving Average - Here's What Happened

Beazley plc (LON:BEZ - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 994.98 and traded as high as GBX 1,269. Beazley shares last traded at GBX 1,266, with a volume of 2,972,746 shares.Analyst Ratings ChangesSeparately, Citigroup downgraded Beazley to a "neutral" rating and increased their target price for the stock from GBX 1,025 to GBX 1,280 in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Beazley has an average rating of "Moderate Buy" and an average price target of GBX 1,074.17.Read Our Latest Report on BeazleyBeazley Stock PerformanceThe company's 50 day simple moving average is GBX 1,236.39 and its 200-day simple moving average is GBX 994.98. The firm has a market capitalization of £7.46 billion, a PE ratio of 8.38, a PEG ratio of 1.57 and a beta of 0.29. Insider Transactions at BeazleyIn other Beazley news, insider Paul Bantick sold 8,774 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of GBX 1,288, for a total value of £113,009.12. Also, insider Adrian Cox sold 77,032 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of GBX 1,289, for a total transaction of £992,942.48. In the last quarter, insiders have sold 104,166 shares of company stock valued at $134,261,200. Corporate insiders own 1.74% of the company's stock. About Beazley (Get Free Report)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.Recommended StoriesFive stocks we like better than BeazleyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Beazley Right Now?Before you consider Beazley, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beazley wasn't on the list.While Beazley currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here