Shares of Hiscox Ltd (LON:HSX) have been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,419.18 ($18.54).
A number of brokerages have recently issued reports on HSX. Jefferies Financial Group decreased their target price on Hiscox from GBX 1,666 ($21.77) to GBX 1,605 ($20.97) and set a “hold” rating for the company in a report on Tuesday. JPMorgan Chase & Co. cut Hiscox to a “neutral” rating and decreased their target price for the stock from GBX 1,750 ($22.87) to GBX 1,290 ($16.86) in a report on Thursday. Peel Hunt reiterated a “reduce” rating and set a GBX 1,010 ($13.20) target price on shares of Hiscox in a report on Thursday. Royal Bank of Canada decreased their target price on Hiscox from GBX 1,450 ($18.95) to GBX 1,350 ($17.64) and set a “sector performer” rating for the company in a report on Tuesday. Finally, UBS Group decreased their target price on Hiscox from GBX 1,550 ($20.25) to GBX 1,410 ($18.42) and set a “neutral” rating for the company in a report on Thursday.
In other Hiscox news, insider Richard Watson sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of GBX 1,651 ($21.57), for a total value of £495,300 ($647,197.18). Also, insider Roberts S. Childs sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of GBX 1,641 ($21.44), for a total value of £6,564 ($8,577.03). In the last 90 days, insiders sold 77,900 shares of company stock valued at $125,098,900.
Shares of LON:HSX traded up GBX 15 ($0.20) during trading on Friday, reaching GBX 1,269 ($16.58). 2,095,465 shares of the stock were exchanged, compared to its average volume of 721,158. The company has a debt-to-equity ratio of 30.74, a quick ratio of 0.10 and a current ratio of 0.44. Hiscox has a 12-month low of GBX 1,387 ($18.12) and a 12-month high of GBX 1,795 ($23.45). The firm has a market cap of $3.65 billion and a price-to-earnings ratio of 29.24. The firm’s 50-day moving average price is GBX 1,555.58 and its 200 day moving average price is GBX 1,631.87.
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.
Further Reading: Capital Gains Distribution
Receive News & Ratings for Hiscox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox and related companies with MarketBeat.com's FREE daily email newsletter.