Hiscox’s (HSX) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

Hiscox (LON:HSX)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday.

A number of other equities analysts have also commented on the stock. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 980 ($13.10) price objective on shares of Hiscox in a research note on Thursday, September 7th. Berenberg Bank initiated coverage on shares of Hiscox in a research note on Wednesday, December 13th. They issued a “buy” rating and a GBX 1,580 ($21.13) price objective for the company. Barclays raised their price objective on shares of Hiscox from GBX 1,190 ($15.91) to GBX 1,211 ($16.19) and gave the stock an “underweight” rating in a research note on Monday, December 11th. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research note on Tuesday, November 7th. Finally, Citigroup reaffirmed a “neutral” rating and issued a GBX 1,350 ($18.05) price objective on shares of Hiscox in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,256 ($16.79).

Hiscox (HSX) traded down GBX 17 ($0.23) during trading on Friday, reaching GBX 1,407 ($18.81). 419,322 shares of the company were exchanged, compared to its average volume of 455,614. Hiscox has a 1 year low of GBX 988.50 ($13.22) and a 1 year high of GBX 1,478 ($19.76). The firm has a market cap of $4,040.00 and a price-to-earnings ratio of 1,715.85.

In related news, insider Roberts S. Childs sold 30,000 shares of Hiscox stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of GBX 1,416 ($18.93), for a total value of £424,800 ($567,990.37). Also, insider Richard Watson sold 50,000 shares of Hiscox stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 1,450 ($19.39), for a total transaction of £725,000 ($969,380.93).

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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.

Analyst Recommendations for Hiscox (LON:HSX)

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