Hiscox’s (HSX) Buy Rating Reiterated at Shore Capital
Hiscox Ltd (LON:HSX)‘s stock had its “buy” rating restated by stock analysts at Shore Capital in a research report issued to clients and investors on Wednesday.
Several other research firms have also recently issued reports on HSX. Peel Hunt reiterated a “reduce” rating and issued a GBX 870 ($11.36) price target on shares of Hiscox in a report on Thursday, September 22nd. Barclays PLC raised their price target on Hiscox from GBX 714 ($9.32) to GBX 728 ($9.50) and gave the company an “underweight” rating in a report on Thursday, July 21st. Credit Suisse Group AG raised their price target on Hiscox from GBX 1,160 ($15.14) to GBX 1,180 ($15.40) and gave the company an “outperform” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,125 ($14.68) price target on shares of Hiscox in a report on Tuesday, July 26th. Finally, Canaccord Genuity raised their price target on Hiscox from GBX 865 ($11.29) to GBX 980 ($12.79) and gave the company a “sell” rating in a report on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 993.69 ($12.97).
Hiscox (LON:HSX) traded down 0.38% during trading on Wednesday, reaching GBX 1037.00. The company had a trading volume of 395,654 shares. Hiscox has a 52-week low of GBX 896.50 and a 52-week high of GBX 1,106.00. The company’s market capitalization is GBX 2.92 billion. The company has a 50 day moving average price of GBX 1,060.49 and a 200 day moving average price of GBX 1,007.27.
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The firm also recently disclosed a dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 4th were issued a dividend of GBX 8.50 ($0.11) per share. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, August 4th.
In other Hiscox news, insider Keogh,Colin D acquired 41 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average price of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44). Also, insider Anne MacDonald acquired 2,823 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of GBX 1,041 ($13.59) per share, for a total transaction of £29,387.43 ($38,359.78).
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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