Hiscox (LON:HSX) Reaches New 1-Year Low – Time to Sell?

Shares of Hiscox Ltd (LON:HSX) reached a new 52-week low during trading on Friday . The company traded as low as GBX 1,184 and last traded at GBX 1,811, with a volume of 899536 shares trading hands. The stock had previously closed at GBX 1,816.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Peel Hunt reaffirmed an “add” rating and set a GBX 1,960 price objective on shares of Hiscox in a research note on Thursday, May 28th. Berenberg Bank raised their price target on shares of Hiscox from GBX 1,760 to GBX 1,900 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Hiscox from GBX 1,800 to GBX 2,050 and gave the company an “overweight” rating in a report on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,850 price target on shares of Hiscox in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,148 price target on shares of Hiscox in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,770.17.

Hiscox Price Performance

The company has a market cap of £5.80 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of -2.30 and a beta of 0.40. The company has a fifty day moving average price of GBX 1,811.79 and a 200 day moving average price of GBX 1,633.60.

Hiscox Company Profile

Hiscox is a global, specialty insurer, listed on the London Stock Exchange and headquartered in Bermuda. We have grown from
our roots as a niche Lloyd’s of London underwriter into a diversified international insurance group operating across direct‑to‑consumer, broker and partner‑distributed retail insurance; large and complex commercial insurance; reinsurance and insurance‑linked strategies.

We currently employ over 3,000 people worldwide across 13 countries and 31 offices. We have a distinctive brand, energised and ambitious teams, a strong balance sheet, and plenty of room to grow in each of our chosen markets and lines of business.