Hiscox Ltd (LON:HSX) Receives Average Recommendation of “Hold” from Analysts

Hiscox Ltd (LON:HSX) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,623.11 ($21.21).

HSX has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Hiscox from GBX 1,800 ($23.52) to GBX 1,750 ($22.87) and set an “overweight” rating on the stock in a research report on Monday. UBS Group reaffirmed a “neutral” rating on shares of Hiscox in a research report on Monday, July 29th. Peel Hunt reaffirmed a “reduce” rating on shares of Hiscox in a research report on Thursday. Jefferies Financial Group upped their target price on Hiscox from GBX 1,629 ($21.29) to GBX 1,666 ($21.77) and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Shore Capital reaffirmed a “hold” rating on shares of Hiscox in a research report on Monday, July 29th.

LON:HSX traded up GBX 17 ($0.22) during mid-day trading on Thursday, hitting GBX 1,657 ($21.65). 561,112 shares of the company’s stock traded hands, compared to its average volume of 721,158. The company has a fifty day moving average of GBX 1,617.64 and a 200 day moving average of GBX 1,640.77. Hiscox has a twelve month low of GBX 1,411 ($18.44) and a twelve month high of GBX 1,795 ($23.45). The company has a market capitalization of $4.77 billion and a P/E ratio of 38.18. The company has a debt-to-equity ratio of 30.74, a quick ratio of 0.10 and a current ratio of 0.44.

The company also recently disclosed a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Thursday, August 8th were issued a $0.14 dividend. This represents a dividend yield of 0.63%. The ex-dividend date of this dividend was Thursday, August 8th. Hiscox’s dividend payout ratio is presently 0.78%.

In related news, insider Richard Watson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total transaction of £158,500 ($207,108.32). Also, insider Bronek E. Masojada sold 37,500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of GBX 1,575 ($20.58), for a total value of £590,625 ($771,756.17). Insiders sold 57,500 shares of company stock worth $90,762,500 over the last three months.

Hiscox Company Profile

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.

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Analyst Recommendations for Hiscox (LON:HSX)

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