Hiscox Ltd (HSX) Receives “Outperform” Rating from Credit Suisse Group AG
Hiscox Ltd (LON:HSX)‘s stock had its “outperform” rating reiterated by Credit Suisse Group AG in a research report issued on Friday. They presently have a GBX 1,180 ($15.40) price target on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 13.79% from the company’s current price.
HSX has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,125 ($14.68) price objective on shares of Hiscox in a research report on Monday, September 12th. Barclays PLC lifted their price target on Hiscox from GBX 714 ($9.32) to GBX 728 ($9.50) and gave the stock an “underweight” rating in a research report on Thursday, July 21st. Peel Hunt reaffirmed a “reduce” rating and set a GBX 830 ($10.83) price target on shares of Hiscox in a research report on Monday, July 4th. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research report on Wednesday. Finally, HSBC reaffirmed a “hold” rating and set a GBX 972 ($12.69) price target on shares of Hiscox in a research report on Wednesday, June 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 993.69 ($12.97).
Hiscox (LON:HSX) traded down 0.38% during trading on Friday, hitting GBX 1037.00. The stock had a trading volume of 395,654 shares. The company’s market cap is GBX 2.92 billion. Hiscox has a 52-week low of GBX 896.50 and a 52-week high of GBX 1,106.00. The firm’s 50-day moving average price is GBX 1,060.72 and its 200-day moving average price is GBX 1,006.95.
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The firm also recently declared a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 4th were paid a GBX 8.50 ($0.11) dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a dividend yield of 0.8%.
In other news, insider Keogh,Colin D acquired 41 shares of the business’s stock in a transaction on Monday, September 12th. The stock was bought at an average cost of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44). Also, insider Watson,Richard sold 96,234 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of GBX 1,084 ($14.15), for a total value of £1,043,176.56 ($1,361,671.53).
Hiscox Company Profile
Hiscox Limited is a Bermuda-based specialist 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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