B.P. Marsh & Partners (LON:BPM) Releases Earnings Results

B.P. Marsh & Partners (LON:BPM) issued its quarterly earnings data on Wednesday. The insurance provider reported GBX 132.60 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 1,040 million for the quarter. B.P. Marsh & Partners had a net margin of 424.26% and a return on equity of 30.90%.

B.P. Marsh & Partners Price Performance

B.P. Marsh & Partners stock opened at GBX 700 on Wednesday. B.P. Marsh & Partners has a 12-month low of GBX 613 and a 12-month high of GBX 719.92. The stock has a market capitalization of £246.81 million, a PE ratio of 2.60 and a beta of 0.20. The firm has a 50 day simple moving average of GBX 662.06 and a 200-day simple moving average of GBX 668.62.

B.P. Marsh & Partners announced that its Board of Directors has authorized a share repurchase program on Thursday, March 26th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

About B.P. Marsh & Partners

B.P. Marsh & Partners PLC is a specialist venture capital / private equity investor in early stage financial services intermediary businesses, including insurance intermediaries, financial advisors, wealth and fund managers and specialist advisory and consultancy firms. It considers investment opportunities based in the United Kingdom, Europe, North America and Internationally.

The Group invests amounts of up to £5m in the first round. Investment structure is flexible and investment stage ranges from start up to more developed.