Hiscox Ltd (HSX) Receives “Reduce” Rating from Peel Hunt
HSX has been the subject of several other research reports. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 1,125 ($13.92) price objective on shares of Hiscox in a research note on Monday, September 12th. Barclays PLC boosted their price objective on shares of Hiscox from GBX 714 ($8.84) to GBX 728 ($9.01) and gave the stock an underweight rating in a research note on Thursday, July 21st. Shore Capital reiterated a buy rating on shares of Hiscox in a research note on Wednesday, October 5th. HSBC reiterated a hold rating and set a GBX 972 ($12.03) price objective on shares of Hiscox in a research note on Wednesday, June 29th. Finally, Credit Suisse Group AG reiterated an outperform rating and set a GBX 1,180 ($14.60) price objective on shares of Hiscox in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 993.69 ($12.30).
Hiscox (LON:HSX) opened at 1040.00 on Monday. The stock’s market cap is GBX 2.93 billion. Hiscox has a 52 week low of GBX 896.50 and a 52 week high of GBX 1,106.00. The stock’s 50 day moving average is GBX 1,059.97 and its 200 day moving average is GBX 1,008.49.
In related news, insider Keogh,Colin D acquired 41 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were acquired at an average cost of GBX 1,036 ($12.82) per share, with a total value of £424.76 ($525.69). Also, insider Watson,Richard sold 96,234 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($13.42), for a total transaction of £1,043,176.56 ($1,291,060.10).
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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