Hiscox Ltd Announces Dividend of GBX 9.50 (LON:HSX)
Hiscox Ltd (LON:HSX) announced a dividend on Monday, July 31st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 9.50 ($0.12) per share on Wednesday, September 13th. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be seen at this link.
Hiscox (LON HSX) traded down 0.59% during mid-day trading on Wednesday, reaching GBX 1359.00. The company’s stock had a trading volume of 351,003 shares. The stock’s market capitalization is GBX 3.84 billion. The stock’s 50 day moving average price is GBX 1,320.96 and its 200 day moving average price is GBX 1,179.37. Hiscox has a 1-year low of GBX 978.00 and a 1-year high of GBX 1,378.00.
ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/08/09/hiscox-ltd-announces-dividend-of-gbx-9-50-lonhsx.html.
In other news, insider Bronek E. Masojada sold 50,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of GBX 1,236 ($16.10), for a total value of £618,000 ($804,792.29). Also, insider Colin D. Keogh bought 2,216 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was bought at an average price of GBX 1,248 ($16.25) per share, for a total transaction of £27,655.68 ($36,014.69).
A number of equities analysts have weighed in on the stock. Credit Suisse Group cut shares of Hiscox to a “neutral” rating and upped their price objective for the company from GBX 1,180 ($15.37) to GBX 1,305 ($16.99) in a research report on Tuesday, July 18th. Peel Hunt reissued a “reduce” rating and issued a GBX 840 ($10.94) price objective on shares of Hiscox in a research report on Monday, June 5th. Stockdale Securities reissued a “neutral” rating on shares of Hiscox in a research report on Thursday, April 27th. Numis Securities Ltd reissued an “add” rating and issued a GBX 1,345 ($17.52) price objective on shares of Hiscox in a research report on Thursday, May 11th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a GBX 1,330 ($17.32) price objective on shares of Hiscox in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,176.83 ($15.33).
Hiscox Company Profile
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.
Receive News & Ratings for Hiscox Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox Ltd and related companies with MarketBeat.com's FREE daily email newsletter.