Peel Hunt Reiterates Reduce Rating for Hiscox (LON:HSX)

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Hiscox (LON:HSX)‘s stock had its “reduce” rating reissued by Peel Hunt in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Hiscox from GBX 1,675 ($21.89) to GBX 1,700 ($22.21) and gave the stock a “sector performer” rating in a research report on Tuesday, June 11th. Shore Capital restated a “hold” rating on shares of Hiscox in a research report on Monday, July 29th. Jefferies Financial Group upped their price objective on shares of Hiscox from GBX 1,629 ($21.29) to GBX 1,666 ($21.77) and gave the stock a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of Hiscox from GBX 1,800 ($23.52) to GBX 1,750 ($22.87) and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, Berenberg Bank reduced their price objective on shares of Hiscox from GBX 1,581 ($20.66) to GBX 1,487 ($19.43) and set a “hold” rating for the company in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 1,572.55 ($20.55).

LON:HSX opened at GBX 1,643 ($21.47) on Thursday. The company has a debt-to-equity ratio of 30.74, a quick ratio of 0.10 and a current ratio of 0.44. The company has a fifty day moving average of GBX 1,613.12 and a two-hundred day moving average of GBX 1,641.09. The stock has a market capitalization of $4.74 billion and a PE ratio of 37.86. Hiscox has a fifty-two week low of GBX 1,411 ($18.44) and a fifty-two week high of GBX 1,795 ($23.45).

In other news, insider Roberts S. Childs sold 400 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of GBX 1,641 ($21.44), for a total transaction of £6,564 ($8,577.03). Also, insider Richard Watson sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total transaction of £158,500 ($207,108.32). Insiders have sold 57,900 shares of company stock valued at $91,418,900 in the last ninety days.

About Hiscox

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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Analyst Recommendations for Hiscox (LON:HSX)

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