Hiscox Ltd (HSX) Declares Dividend of GBX 9.50
Hiscox Ltd (LON:HSX) declared a dividend on Monday, July 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 10th will be given a dividend of GBX 9.50 ($0.12) per share on Wednesday, September 13th. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be viewed at this link.
Hiscox (LON:HSX) traded down 1.13% on Friday, hitting GBX 1307.00. The stock had a trading volume of 251,522 shares. Hiscox has a 12 month low of GBX 978.00 and a 12 month high of GBX 1,378.00. The firm’s 50 day moving average price is GBX 1,330.89 and its 200-day moving average price is GBX 1,192.61. The stock’s market cap is GBX 3.69 billion.
Several analysts have recently commented on HSX shares. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,250 ($16.23) price target on shares of Hiscox in a research report on Thursday, July 20th. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research report on Monday, July 31st. Stockdale Securities reiterated a “neutral” rating on shares of Hiscox in a report on Thursday, April 27th. Peel Hunt reiterated a “reduce” rating and issued a GBX 840 ($10.90) target price on shares of Hiscox in a report on Monday, June 5th. Finally, Credit Suisse Group downgraded shares of Hiscox to a “neutral” rating and lifted their target price for the company from GBX 1,180 ($15.32) to GBX 1,305 ($16.94) in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,176.83 ($15.28).
In other Hiscox news, insider Colin D. Keogh purchased 2,216 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average price of GBX 1,248 ($16.20) per share, for a total transaction of £27,655.68 ($35,902.48). Also, insider Bronek E. Masojada sold 50,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of GBX 1,236 ($16.05), for a total transaction of £618,000 ($802,284.82).
ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/19/hiscox-ltd-plans-dividend-of-gbx-9-50-hsx-updated.html.
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.
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.