Shares of Hiscox Ltd (LON:HSX) have earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,187.45 ($15.46).

A number of research firms have recently issued reports on HSX. Credit Suisse Group downgraded Hiscox to a “neutral” rating and raised their price target for the stock from GBX 1,180 ($15.37) to GBX 1,305 ($16.99) in a research note on Tuesday, July 18th. Peel Hunt raised their price target on Hiscox from GBX 840 ($10.94) to GBX 980 ($12.76) and gave the stock a “reduce” rating in a research note on Tuesday, July 18th. Citigroup Inc. restated a “neutral” rating and issued a GBX 1,330 ($17.32) price target on shares of Hiscox in a research note on Friday, July 14th. Shore Capital restated a “buy” rating on shares of Hiscox in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,250 ($16.28) price target on shares of Hiscox in a research note on Thursday, July 20th.

WARNING: This story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at

In related news, insider Bronek E. Masojada sold 50,000 shares of Hiscox stock in a transaction on Friday, June 2nd. The stock was sold at an average price of GBX 1,236 ($16.10), for a total transaction of £618,000 ($804,792.29). Also, insider Colin D. Keogh bought 2,216 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average price of GBX 1,248 ($16.25) per share, for a total transaction of £27,655.68 ($36,014.69).

Hiscox (LON:HSX) traded down 1.07% on Friday, reaching GBX 1335.00. The company’s stock had a trading volume of 283,181 shares. Hiscox has a 12-month low of GBX 978.00 and a 12-month high of GBX 1,378.00. The stock’s market cap is GBX 3.77 billion. The company’s 50 day moving average price is GBX 1,322.12 and its 200-day moving average price is GBX 1,180.46.

The business also recently announced a dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 10th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 0.7%.

Hiscox Company Profile

Hiscox Limited is a Bermuda-based 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.

Analyst Recommendations for Hiscox (LON:HSX)

Receive News & Stock Ratings for Hiscox Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox Ltd and related stocks with our FREE daily email newsletter.