Beazley: proving insurance can be attractive
With the insurer's share price closing in on a previous best, independent analyst Alistair Strang assesses the odds of achieving a new high.
1st July 2025 07:37
The “battle” with our car insurance company, an easy win, leads us to view Beazley (LSE:BEZ) with rather gentle eyes.
Unsurprisingly, we’ve given criteria for gains to 755p, a potential ultimate level which held between July and November last year. However, somehow or other the share price managed to propel itself beyond our target level, almost a “no brainer”, as this share had closed repeatedly above 755p.
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With the company recently indulging in share buybacks, reducing the number of shares on offer and ideally increasing the desirability of the share, moves next above 956p point in the direction of movement to an initial 992p with our secondary, if bettered, at 1,007p.
The proximity of these targets, despite the exciting breathlessness of new all-time highs, isn’t that great in terms of monetary leap. Our longer-term attraction from 1,038p isn’t that impressive but we’d warn, if the market finds an excuse to start “gapping” this price up, goodness knows how high it could go!
If things intend to go wrong, below 911p risks promoting reversal to an initial 890p, suggesting a quote of 858p may be coming. Our secondary, if broken, works out at 762p and a hopeful bottom.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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