Hiscox (LON:HSX) had its price objective cut by JPMorgan Chase & Co. from GBX 1,800 ($23.52) to GBX 1,750 ($22.87) in a report released on Monday morning, ThisIsMoney.Co.Uk reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Berenberg Bank reduced their price target on shares of Hiscox from GBX 1,581 ($20.66) to GBX 1,487 ($19.43) and set a hold rating for the company in a research report on Tuesday, September 10th. UBS Group reiterated a neutral rating on shares of Hiscox in a research report on Monday, July 29th. Barclays upped their price target on shares of Hiscox from GBX 1,514 ($19.78) to GBX 1,556 ($20.33) and gave the company an underweight rating in a research report on Tuesday, September 3rd. Shore Capital reiterated a hold rating on shares of Hiscox in a research report on Monday, July 29th. Finally, Peel Hunt reiterated a reduce rating on shares of Hiscox in a research report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 1,572.55 ($20.55).

Shares of LON:HSX opened at GBX 1,640 ($21.43) on Monday. The company has a market capitalization of $4.73 billion and a PE ratio of 37.79. The company has a current ratio of 0.44, a quick ratio of 0.10 and a debt-to-equity ratio of 30.74. Hiscox has a twelve month low of GBX 1,411 ($18.44) and a twelve month high of GBX 1,795 ($23.45). The firm has a 50 day simple moving average of GBX 1,617.64 and a 200-day simple moving average of GBX 1,640.77.

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

In other Hiscox news, insider Richard Watson sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32). Also, insider Bronek E. Masojada sold 37,500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of GBX 1,575 ($20.58), for a total transaction of £590,625 ($771,756.17). Insiders sold a total of 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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