Hiscox Ltd (HSX) Given Average Recommendation of “Hold” by Analysts
Shares of Hiscox Ltd (LON:HSX) have received an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,105.40 ($13.98).
Several research analysts recently issued reports on HSX shares. Credit Suisse Group reissued an “outperform” rating and issued a GBX 1,180 ($14.93) price target on shares of Hiscox in a research report on Wednesday, March 1st. Macquarie reissued an “outperform” rating and issued a GBX 1,200 ($15.18) price target on shares of Hiscox in a research report on Monday, March 20th. Canaccord Genuity increased their price target on shares of Hiscox from GBX 980 ($12.40) to GBX 1,100 ($13.92) and gave the stock a “sell” rating in a research report on Thursday, May 11th. Shore Capital reissued a “buy” rating on shares of Hiscox in a research report on Monday, February 27th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,125 ($14.23) price target on shares of Hiscox in a research report on Friday, February 24th.
Shares of Hiscox (LON HSX) traded up 2.65% during trading on Friday, reaching GBX 1276.00. The company’s stock had a trading volume of 1,243,196 shares. The company’s 50-day moving average price is GBX 1,206.44 and its 200 day moving average price is GBX 1,096.39. The stock’s market capitalization is GBX 3.57 billion. Hiscox has a 1-year low of GBX 903.00 and a 1-year high of GBX 1,276.00.
In other news, insider Roberts S. Childs sold 100,000 shares of the stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of GBX 1,126 ($14.24), for a total transaction of £1,126,000 ($1,424,414.93). Also, insider Colin D. Keogh purchased 1,289 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were bought at an average cost of GBX 1,102 ($13.94) per share, for a total transaction of £14,204.78 ($17,969.36). Insiders have bought 23,205 shares of company stock worth $25,639,346 over the last three months.
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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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