Hiscox (LON:HSX) Stock Price Passes Above 200 Day Moving Average of $1,064.85

Hiscox Ltd (LON:HSX) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,064.85 ($13.26) and traded as high as GBX 1,190 ($14.81). Hiscox shares last traded at GBX 1,169 ($14.55), with a volume of 416,749 shares traded.

Analysts Set New Price Targets

HSX has been the subject of a number of research reports. Berenberg Bank lifted their price objective on shares of Hiscox from GBX 1,230 ($15.31) to GBX 1,270 ($15.81) and gave the stock a “hold” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Hiscox in a report on Tuesday, April 9th.

Hiscox Stock Down 1.9 %

The firm has a market cap of £4.03 billion, a price-to-earnings ratio of 730.63, a price-to-earnings-growth ratio of -2.30 and a beta of 0.68. The stock has a 50-day moving average of GBX 1,158.48 and a 200-day moving average of GBX 1,064.85. The company has a current ratio of 15.15, a quick ratio of 0.10 and a debt-to-equity ratio of 22.88.

Hiscox Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.25 per share. This is an increase from Hiscox’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 1.76%. Hiscox’s payout ratio is 1,875.00%.

Insider Buying and Selling

In other news, insider Paul Cooper bought 1,144 shares of Hiscox stock in a transaction on Friday, March 22nd. The stock was purchased at an average cost of GBX 1,232 ($15.34) per share, with a total value of £14,094.08 ($17,545.23). Corporate insiders own 0.49% of the company’s stock.

About Hiscox

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.