Hiscox Ltd (LON:HSX) Receives GBX 1,187.45 Average PT from Analysts
Shares of Hiscox Ltd (LON:HSX) have earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com 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.
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.
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