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
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
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.
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