Hiscox (LON:HSX) PT Lowered to GBX 1,080

Hiscox (LON:HSX – Get Rating) had its price objective cut by Barclays from GBX 1,102 ($13.71) to GBX 1,080 ($13.43) in a research report report published on Monday morning, Digital Look reports. They currently have an equal weight rating on the stock.

HSX has been the topic of a number of other research reports. HSBC lowered shares of Hiscox to a hold rating and set a GBX 1,250 ($15.55) price target on the stock. in a report on Thursday, February 9th. Peel Hunt reaffirmed an add rating and set a GBX 1,220 ($15.17) price objective on shares of Hiscox in a research report on Wednesday, March 8th. Berenberg Bank boosted their price objective on shares of Hiscox from GBX 1,015 ($12.62) to GBX 1,285 ($15.98) and gave the company a hold rating in a research report on Wednesday, March 8th. Morgan Stanley reaffirmed an overweight rating and set a GBX 1,352 ($16.82) price objective on shares of Hiscox in a research report on Tuesday, March 28th. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 1,200 ($14.93) target price on shares of Hiscox in a research report on Thursday, March 9th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of GBX 1,194.57 ($14.86).

Hiscox Stock Up 1.0 %

LON HSX opened at GBX 1,163 ($14.47) on Monday. Hiscox has a 12 month low of GBX 789.20 ($9.82) and a 12 month high of GBX 1,201 ($14.94). The company’s 50 day simple moving average is GBX 1,131.79 and its 200 day simple moving average is GBX 1,097.74. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.05 and a quick ratio of 0.10. The company has a market capitalization of £4.03 billion, a P/E ratio of 11,630.00, a PEG ratio of -2.30 and a beta of 0.59.

Hiscox Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Thursday, May 4th will be paid a $0.24 dividend. This represents a dividend yield of 1.88%. The ex-dividend date is Thursday, May 4th. This is a positive change from Hiscox’s previous dividend of $0.12. Hiscox’s dividend payout ratio (DPR) is 29,000.00%.

Insider Activity at Hiscox

In other news, insider Colin D. Keogh purchased 1,437 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were acquired at an average cost of GBX 1,074 ($13.36) per share, for a total transaction of £15,433.38 ($19,195.75). In other news, insider Paul Cooper sold 41,317 shares of Hiscox stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of GBX 1,090 ($13.56), for a total value of £450,355.30 ($560,143.41). Also, insider Colin D. Keogh bought 1,437 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was purchased at an average cost of GBX 1,074 ($13.36) per share, with a total value of £15,433.38 ($19,195.75). 1.36% of the stock is currently owned by corporate insiders.

Hiscox Company Profile

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Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.