A number of other brokerages have also weighed in on HSX. Peel Hunt reaffirmed a reduce rating and issued a GBX 870 ($11.36) price target on shares of Hiscox in a research note on Thursday, September 22nd. Barclays PLC lifted their price target on shares of Hiscox from GBX 714 ($9.32) to GBX 728 ($9.50) and gave the company an underweight rating in a research note on Thursday, July 21st. Credit Suisse Group AG lifted their price target on shares of Hiscox from GBX 1,160 ($15.14) to GBX 1,180 ($15.40) and gave the company an outperform rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 1,125 ($14.68) price target on shares of Hiscox in a research note on Tuesday, July 26th. Finally, Canaccord Genuity lifted their price target on shares of Hiscox from GBX 865 ($11.29) to GBX 980 ($12.79) and gave the company a sell rating in a research note on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Hiscox has a consensus rating of Hold and an average price target of GBX 993.69 ($12.97).
Shares of Hiscox (LON:HSX) traded down 0.95% during mid-day trading on Wednesday, reaching GBX 1044.00. 143,967 shares of the company’s stock were exchanged. The stock’s 50-day moving average is GBX 1,062.24 and its 200-day moving average is GBX 1,006.82. The stock’s market cap is GBX 2.94 billion. Hiscox has a 52-week low of GBX 896.50 and a 52-week high of GBX 1,106.00.
The company also recently announced a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 4th were issued a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a yield of 0.8%.
In other news, insider Keogh,Colin D bought 41 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average cost of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44). Also, insider Anne MacDonald acquired 2,823 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was bought at an average price of GBX 1,041 ($13.59) per share, for a total transaction of £29,387.43 ($38,359.78).
Hiscox Limited is a Bermuda-based specialist insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.
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