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Pin to quick picksBeazley Share News (BEZ)

Share Price Information for Beazley (BEZ)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 816.00
Bid: 813.50
Ask: 814.50
Change: 7.00 (0.87%)
Spread: 1.00 (0.123%)
Open: 804.50
High: 816.00
Low: 803.00
Prev. Close: 809.00

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RBC Capital Markets raises target price on Beazley

Wed, 26th Oct 2022 09:06

(Sharecast News) - Analysts at RBC Capital Markets have updated their model on insurance firm Beazley ahead of the group's third-quarter trading update, raising its target price on the stock from 650.0p to 675.0p in the process.

RBC Capital Markets lowered its full-year earnings estimates for Beazley by 40%, primarily assuming further investment MTM losses of $120.0m. However, for outer years, it increased its estimates by around 3% - assuming a modest pick-up in running yields and saying it sees an upside to its estimates here.

"We assume a $100.0m impact from Hurricane Ian, equivalent to just under a 20 basis point loss share on a $55.0bn industry total. We expect BEZ to meet its high-80s FY guidance, having upgraded it at the 1H, helped by the continued outperformance in Cyber," said RBC.

The Canadian bank added that Beazley remains its "top pick" in the specialty (re)insurance space, where it sees the highest cross-cycle book value compounding potential.

Reporting by Iain Gilbert at Sharecast.com

More News
4 Dec 2023 17:18

IN BRIEF: Beazley Director Desaulle buys GBP150,000 in shares

Beazley PLC - insurance business operating in Europe, North America, Latin America and Asia - Director Pierre-Olivier Desaulle buys 27,464 shares at 537.00 pence each, worth GBP147,482, in London on Monday.

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27 Nov 2023 09:20

LONDON BROKER RATINGS: Peel, Numis up Rightmove; Goldman cuts Entain

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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21 Nov 2023 09:54

LONDON BROKER RATINGS: Deutsche says 'buy' B&M and Marks & Spencer

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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8 Nov 2023 09:30

LONDON BROKER RATINGS: UBS downbeat on AJ Bell and Hargreaves Lansdown

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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7 Nov 2023 16:58

LONDON MARKET CLOSE: FTSE 100 held back by miners and oil firms

(Alliance News) - The FTSE 100 in London closed slightly lower on Tuesday, as miners and oil firms continued to drag down the index throughout the day.

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7 Nov 2023 12:07

LONDON MARKET MIDDAY: Housebuilders and retail up, miners and oil down

(Alliance News) - European equities were mixed heading into Tuesday afternoon, with weaker China data and doubts over the US interest rate outlook weighing on the mood.

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7 Nov 2023 09:36

TOP NEWS: Beazley posts rise in premiums; expects strong annual profit

(Alliance News) - Beazley PLC on Tuesday said it expects to report a "strong" full year profit after posting a surge in insurance written premiums.

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7 Nov 2023 07:43

LONDON BRIEFING: AB Foods hails Primark; Beazley premiums rise

(Alliance News) - London's FTSE 100 is called to open in the red on Tuesday, following Asian equities lower, as the good feeling in equity markets after the softer US jobs data on Friday gives way to some caution.

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7 Nov 2023 07:34

Beazley flags strong year after solid third quarter

(Sharecast News) - Specialist insurer Beazley announced a positive trading performance for the first nine months of 2023 on Tuesday, with a 9% increase in written insurance premiums and a 26% increase in net written insurance premiums.

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31 Oct 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
  
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27 Oct 2023 09:30

LONDON BROKER RATINGS: UBS says buy SJP; JPMorgan raises Trainline

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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17 Oct 2023 16:56

LONDON MARKET CLOSE: FTSE 100 rises on favourable UK pay data

(Alliance News) - Equities in London ended higher on Tuesday, outperforming European peers as interest rate sensitive stocks shone after favourable UK wage data took some pressure off the Bank of England.

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8 Sep 2023 09:16

LONDON BROKER RATINGS: SocGen raises Next to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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7 Sep 2023 15:57

London close: Stocks mixed as weaker pound lifts FTSE 100

(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.

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7 Sep 2023 09:59

TOP NEWS: Beazley posts record interim profit; insurance revenue drops

(Alliance News) - Beazley PLC on Thursday said it remains on track to meet its full-year guidance after reporting a record jump in half-year profit.

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