Peel Hunt reaffirmed their reduce rating on shares of Hiscox Ltd (LON:HSX) in a research report report published on Thursday. The brokerage currently has a GBX 980 ($12.66) price objective on the stock.

Several other brokerages also recently commented on HSX. Credit Suisse Group downgraded shares of Hiscox to a neutral rating and boosted their price objective for the company from GBX 1,180 ($15.24) to GBX 1,305 ($16.85) in a research report on Tuesday, July 18th. Citigroup Inc. restated a neutral rating and set a GBX 1,330 ($17.18) price objective on shares of Hiscox in a research report on Friday, July 14th. Shore Capital restated a buy rating on shares of Hiscox in a research report on Monday, July 31st. J P Morgan Chase & Co restated an overweight rating and set a GBX 1,250 ($16.14) price objective on shares of Hiscox in a research report on Thursday, July 20th. Finally, Morgan Stanley initiated coverage on shares of Hiscox in a research note on Tuesday, July 25th. They set an equal weight rating and a GBX 1,380 ($17.82) target price on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Hiscox presently has an average rating of Hold and an average target price of GBX 1,176.83 ($15.20).

Shares of Hiscox (LON HSX) traded down 0.08% during trading on Thursday, hitting GBX 1224.00. The stock had a trading volume of 558,615 shares. The stock’s market capitalization is GBX 3.46 billion. The stock’s 50-day moving average is GBX 1,315.97 and its 200-day moving average is GBX 1,213.80. 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 disclosed a dividend, which will be paid on Wednesday, September 13th. Investors of record on Thursday, August 10th will be paid a GBX 9.50 ($0.12) dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 0.7%.

In other Hiscox news, insider Colin D. Keogh acquired 2,216 shares of Hiscox stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average price of GBX 1,248 ($16.12) per share, with a total value of £27,655.68 ($35,717.01).

About Hiscox

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)

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