Hiscox’s (HSX) “Reduce” Rating Reaffirmed at Peel Hunt
Peel Hunt reissued their reduce rating on shares of Hiscox Ltd (LON:HSX) in a report issued on Wednesday morning, StockTargetPrices.com reports. Peel Hunt currently has a GBX 980 ($12.67) price objective on the stock.
HSX has been the subject of a number of other reports. Numis Securities Ltd reissued an add rating and set a GBX 1,345 ($17.40) price objective on shares of Hiscox in a research report on Thursday, May 11th. Stockdale Securities reissued a neutral rating on shares of Hiscox in a research report on Wednesday, August 2nd. Morgan Stanley started coverage on Hiscox in a research report on Tuesday, July 25th. They set an equal weight rating and a GBX 1,380 ($17.85) price objective for the company. J P Morgan Chase & Co boosted their price objective on Hiscox from GBX 1,155 ($14.94) to GBX 1,250 ($16.17) and gave the stock an overweight rating in a research report on Wednesday, May 10th. Finally, Canaccord Genuity boosted their price objective on Hiscox from GBX 980 ($12.67) to GBX 1,100 ($14.23) and gave the stock a sell rating in a research report on Thursday, May 11th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Hiscox presently has an average rating of Hold and a consensus price target of GBX 1,176.83 ($15.22).
Shares of Hiscox (LON:HSX) opened at 1274.00 on Wednesday. The stock has a 50 day moving average of GBX 1,328.22 and a 200-day moving average of GBX 1,208.30. The company’s market capitalization is GBX 3.60 billion. Hiscox has a 12-month low of GBX 978.00 and a 12-month high of GBX 1,378.00.
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The firm also recently declared a dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 10th will be issued a GBX 9.50 ($0.12) dividend. This represents a yield of 0.7%. The ex-dividend date is Thursday, August 10th.
In other Hiscox news, insider Colin D. Keogh purchased 2,216 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was purchased at an average cost of GBX 1,248 ($16.14) per share, with a total value of £27,655.68 ($35,767.82).
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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