Hiscox (LON:HSX) Rating Reiterated by Peel Hunt

Hiscox (LON:HSX)‘s stock had its “reduce” rating restated by equities researchers at Peel Hunt in a note issued to investors on Monday, February 4th.

Other equities analysts have also recently issued reports about the stock. UBS Group reiterated a “neutral” rating on shares of Hiscox in a research report on Tuesday, November 20th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a report on Tuesday, January 8th. Shore Capital reissued an “under review” rating on shares of Hiscox in a report on Monday, November 5th. Barclays boosted their target price on shares of Hiscox from GBX 1,435 ($18.75) to GBX 1,447 ($18.91) and gave the stock an “underweight” rating in a report on Monday, January 21st. Finally, Berenberg Bank boosted their target price on shares of Hiscox from GBX 170 ($2.22) to GBX 1,470 ($19.21) and gave the stock a “hold” rating in a report on Monday, December 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Hiscox has a consensus rating of “Hold” and an average price target of GBX 1,491.20 ($19.49).

Shares of LON:HSX traded up GBX 28 ($0.37) during midday trading on Monday, hitting GBX 1,627 ($21.26). The stock had a trading volume of 899,386 shares, compared to its average volume of 721,158. Hiscox has a fifty-two week low of GBX 1,069.50 ($13.97) and a fifty-two week high of GBX 1,526 ($19.94).

In other Hiscox news, insider Richard Watson sold 20,000 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of GBX 1,641 ($21.44), for a total transaction of £328,200 ($428,851.43). Also, insider Thomas Hürlimann bought 5,000 shares of the stock in a transaction dated Wednesday, February 27th. The stock was purchased at an average price of GBX 1,580 ($20.65) per share, with a total value of £79,000 ($103,227.49).

About Hiscox

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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