Hiscox Ltd (HSX) Given Consensus Rating of “Hold” by Analysts
Shares of Hiscox Ltd (LON:HSX) have earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 1,105.40 ($14.38).
A number of research analysts have recently commented on HSX shares. Peel Hunt lowered their price target on Hiscox from GBX 870 ($11.32) to GBX 840 ($10.93) and set a “reduce” rating on the stock in a report on Tuesday, January 24th. Barclays PLC raised their price target on Hiscox from GBX 969 ($12.61) to GBX 972 ($12.64) and gave the company an “underweight” rating in a report on Monday, February 6th. Macquarie reissued an “outperform” rating and set a GBX 1,180 ($15.35) price target on shares of Hiscox in a report on Tuesday, February 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,125 ($14.64) price target on shares of Hiscox in a report on Friday, February 24th. Finally, Shore Capital reissued a “buy” rating on shares of Hiscox in a report on Monday, February 27th.
Shares of Hiscox (LON:HSX) traded down 0.33% during trading on Monday, reaching GBX 1201.00. 336,748 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 1,153.44 and a 200-day moving average of GBX 1,074.00. Hiscox has a 1-year low of GBX 903.00 and a 1-year high of GBX 1,222.00. The company’s market capitalization is GBX 3.36 billion.
The company also recently announced a dividend, which will be paid on Tuesday, June 20th. Investors of record on Thursday, May 11th will be paid a dividend of GBX 19 ($0.25) per share. The ex-dividend date is Thursday, May 11th. This represents a yield of 1.77%. This is a boost from Hiscox’s previous dividend of $8.50.
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In related news, insider Roberts S. Childs sold 1,224 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of GBX 1,072 ($13.95), for a total transaction of £13,121.28 ($17,069.44). Also, insider Colin D. Keogh bought 1,289 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The shares were purchased at an average cost of GBX 1,102 ($14.34) per share, with a total value of £14,204.78 ($18,478.96). Insiders have sold 198,407 shares of company stock valued at $218,675,402 in the last ninety days.
Hiscox Limited is a Bermuda-based 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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