Hiscox Ltd (HSX) Insider Buys £29,387.43 in Stock
Hiscox Ltd (LON:HSX) insider Anne MacDonald acquired 2,823 shares of the company’s stock in a transaction on Friday, September 30th. The stock was purchased at an average cost of GBX 1,041 ($13.59) per share, for a total transaction of £29,387.43 ($38,359.78).
Hiscox Ltd (LON:HSX) traded down 1.31% during mid-day trading on Wednesday, hitting GBX 1054.00. 342,357 shares of the stock traded hands. Hiscox Ltd has a 1-year low of GBX 896.50 and a 1-year high of GBX 1,106.00. 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’s market cap is GBX 2.97 billion.
The company also recently announced a dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 4th were given a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date was Thursday, August 4th. This represents a dividend yield of 0.8%.
A number of research analysts recently commented on HSX shares. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research report on Wednesday. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 870 ($11.36) target price on shares of Hiscox in a research report on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,125 ($14.68) target price on shares of Hiscox in a research report on Monday, September 12th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,045 ($13.64) target price on shares of Hiscox in a research report on Wednesday, August 24th. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of Hiscox in a research report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 993.69 ($12.97).
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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