Hiscox Ltd (LON:HSX – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,277.85 ($16.05) and last traded at GBX 1,175 ($14.76), with a volume of 1378397 shares. The stock had previously closed at GBX 1,217 ($15.29).
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Berenberg Bank boosted their price target on Hiscox from GBX 1,230 ($15.45) to GBX 1,270 ($15.95) and gave the company a “hold” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a research note on Tuesday, April 9th.
View Our Latest Analysis on HSX
Hiscox Price Performance
Hiscox Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.25 per share. This represents a yield of 1.76%. This is a boost from Hiscox’s previous dividend of $0.13. The ex-dividend date is Thursday, May 2nd. Hiscox’s payout ratio is presently 1,875.00%.
Insider Transactions at Hiscox
In other news, insider Paul Cooper acquired 1,144 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was acquired at an average price of GBX 1,232 ($15.48) per share, for a total transaction of £14,094.08 ($17,703.91). Corporate insiders own 0.49% of the company’s stock.
Hiscox Company Profile
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.
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