Hiscox Ltd (HSX) Stock Rating Reaffirmed by Peel Hunt
Hiscox Ltd (LON:HSX)‘s stock had its “reduce” rating reissued by investment analysts at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 870 ($11.59) price objective on the stock. Peel Hunt’s target price points to a potential downside of 18.54% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Barclays PLC reissued an “underweight” rating on shares of Hiscox in a report on Monday, August 1st. Credit Suisse Group AG began coverage on Hiscox in a research note on Monday, June 13th. They issued an “outperform” rating and a GBX 1,150 ($15.32) price objective on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,125 ($14.98) price objective on shares of Hiscox in a research note on Monday, August 1st. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,045 ($13.92) price objective on shares of Hiscox in a research note on Wednesday, August 24th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Hiscox presently has an average rating of “Hold” and a consensus price target of GBX 993.69 ($13.24).
Shares of Hiscox (LON:HSX) opened at 1069.008789 on Thursday. The company has a 50-day moving average price of GBX 1,064.57 and a 200-day moving average price of GBX 996.47. Hiscox has a 52-week low of GBX 896.50 and a 52-week high of GBX 1,099.00. The company’s market cap is GBX 3.01 billion.
The company also recently declared a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 4th were issued a dividend of GBX 8.50 ($0.11) per share. This represents a yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 4th.
In other news, insider Watson,Richard sold 96,234 shares of Hiscox stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of GBX 1,084 ($14.44), for a total value of £1,043,176.56 ($1,389,420.03). Also, insider Keogh,Colin D bought 41 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was bought at an average price of GBX 1,036 ($13.80) per share, with a total value of £424.76 ($565.74).
Hiscox Company Profile
Hiscox Limited is a Bermuda-based specialist 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.
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