Hiscox (LON:HSX) Share Price Passes Above 200 Day Moving Average of $1,114.27

Hiscox Ltd (LON:HSXGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,114.27 ($14.28) and traded as high as GBX 1,151 ($14.75). Hiscox shares last traded at GBX 1,140 ($14.61), with a volume of 737,687 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on HSX shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a research note on Tuesday, April 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 1,275 ($16.34) price target on shares of Hiscox in a report on Friday, May 3rd. Berenberg Bank increased their price objective on shares of Hiscox from GBX 1,230 ($15.76) to GBX 1,270 ($16.27) and gave the stock a “hold” rating in a report on Tuesday, March 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,200 ($15.37) target price on shares of Hiscox in a research note on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,235 ($15.82).

View Our Latest Report on HSX

Hiscox Trading Up 0.3 %

The business has a 50-day moving average price of GBX 1,173.98 and a two-hundred day moving average price of GBX 1,115.54. The company has a market cap of £3.97 billion, a P/E ratio of 725.16, a P/E/G ratio of -2.30 and a beta of 0.68. The company has a quick ratio of 0.10, a current ratio of 15.15 and a debt-to-equity ratio of 22.88.

Insider Buying and Selling at Hiscox

In other Hiscox news, insider Paul Cooper purchased 1,144 shares of the stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of GBX 1,232 ($15.78) per share, for a total transaction of £14,094.08 ($18,057.76). Corporate insiders own 0.49% of the company’s stock.

About Hiscox

(Get Free Report)

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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