HCC Insurance Holdings Reaches New 12-Month High at $50.76 (HCC)
HCC Insurance Holdings (NYSE:HCC) shares reached a new 52-week high on Tuesday , American Banking News.com reports. The stock traded as high as $50.76 and last traded at $50.30, with a volume of 150,422 shares traded. The stock had previously closed at $50.14.
Several analysts have recently commented on the stock. Analysts at Compass Point raised their price target on shares of HCC Insurance Holdings from $45.00 to $49.00 in a research note on Friday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of HCC Insurance Holdings from $53.00 to $54.00 in a research note on Thursday, July 31st. Finally, analysts at JMP Securities reiterated a “market outperform” rating on shares of HCC Insurance Holdings in a research note on Monday, July 21st. They now have a $54.00 price target on the stock, up previously from $50.00.
The stock’s 50-day moving average is $48.33 and its 200-day moving average is $46.62. The company has a market cap of $4.954 billion and a price-to-earnings ratio of 12.05.
HCC Insurance Holdings (NYSE:HCC) last released its earnings data on Tuesday, July 29th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.07. On average, analysts predict that HCC Insurance Holdings will post $3.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, September 29th. This is a positive change from HCC Insurance Holdings’s previous quarterly dividend of $0.23.
HCC Insurance Holdings, Inc (NYSE:HCC) is a specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland.
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