Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0811 GMT – Beazley booked a decent first quarter, with its cyber and property growth being the stand outs, Citi’s Punit Rajesh Pandya says in a research note. The specialty insurer—which joined the FTSE 100 index for the first time in December—saw cyber growth of 24% in the period, ahead of consensus expectations and allaying some fears around depressed demand following new exclusion criteria, as well as property growth of 56% which should improve margin expectations, he says. Citi has a buy rating on the stock with a target price of 716 pence. Shares trade up 3.6% at 607.50 pence. (kyle.morris@dowjones.com)