Hiscox Ltd (HSX) Rating Reiterated by J P Morgan Chase & Co
Hiscox Ltd (LON:HSX)‘s stock had its “overweight” rating reiterated by equities research analysts at J P Morgan Chase & Co in a report released on Thursday.
Several other analysts have also recently commented on HSX. Shore Capital reissued a “buy” rating on shares of Hiscox in a research note on Monday, October 2nd. Morgan Stanley assumed coverage on shares of Hiscox in a report on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 1,380 ($18.15) target price on the stock. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 1,350 ($17.76) target price on shares of Hiscox in a report on Thursday, October 12th. Stockdale Securities reiterated a “neutral” rating on shares of Hiscox in a report on Wednesday, August 2nd. Finally, Peel Hunt reiterated a “reduce” rating and issued a GBX 980 ($12.89) target price on shares of Hiscox in a report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,215 ($15.98).
Hiscox (HSX) traded up GBX 3 ($0.04) during trading hours on Thursday, reaching GBX 1,423 ($18.72). 444,001 shares of the company traded hands, compared to its average volume of 509,561. Hiscox has a 52-week low of GBX 978 ($12.86) and a 52-week high of GBX 1,470 ($19.33).
In other Hiscox news, insider Colin D. Keogh bought 1,057 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average price of GBX 1,280 ($16.84) per share, with a total value of £13,529.60 ($17,795.08). Also, insider Richard Watson sold 50,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 1,450 ($19.07), for a total transaction of £725,000 ($953,570.96).
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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