Hiscox Ltd (HSX) Given “Buy” Rating at Shore Capital
Hiscox Ltd (LON:HSX)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a report released on Wednesday.
HSX has been the topic of several other reports. Barclays PLC upped their target price on Hiscox from GBX 684 ($8.93) to GBX 714 ($9.32) and gave the company an “underweight” rating in a report on Wednesday, June 29th. Peel Hunt reiterated a “reduce” rating and issued a GBX 870 ($11.36) target price on shares of Hiscox in a report on Thursday, September 22nd. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,150 ($15.01) target price on shares of Hiscox in a report on Monday, July 4th. Canaccord Genuity upped their target price on Hiscox from GBX 865 ($11.29) to GBX 980 ($12.79) and gave the company a “sell” rating in a report on Tuesday, July 26th. Finally, HSBC reiterated a “hold” rating and issued a GBX 972 ($12.69) target price on shares of Hiscox in a report on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 993.69 ($12.97).
Hiscox (LON:HSX) opened at 1060.00 on Wednesday. Hiscox has a 52 week low of GBX 896.50 and a 52 week high of GBX 1,106.00. The company’s market cap is GBX 2.99 billion. The stock has a 50 day moving average of GBX 1,063.53 and a 200 day moving average of GBX 1,005.86.
The firm also recently disclosed a dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 4th were paid a GBX 8.50 ($0.11) dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, August 4th.
In other news, insider Keogh,Colin D bought 41 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average cost of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44). Also, insider Watson,Richard sold 96,234 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of GBX 1,084 ($14.15), for a total value of £1,043,176.56 ($1,361,671.53).
Hiscox Company Profile
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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