A number of other equities research analysts have also recently issued reports on HSX. Peel Hunt reiterated a reduce rating on shares of Hiscox in a report on Thursday, November 29th. UBS Group reiterated a neutral rating on shares of Hiscox in a report on Tuesday, November 20th. Barclays upped their price target on shares of Hiscox from GBX 1,427 ($18.65) to GBX 1,435 ($18.75) and gave the company an underweight rating in a report on Thursday, December 13th. Royal Bank of Canada lowered their price target on shares of Hiscox from GBX 1,725 ($22.54) to GBX 1,650 ($21.56) and set a sector performer rating for the company in a report on Tuesday, December 11th. Finally, Berenberg Bank upped their price target on shares of Hiscox from GBX 170 ($2.22) to GBX 1,470 ($19.21) and gave the company a hold rating in a report on Monday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,514.67 ($19.79).
HSX stock traded down GBX 28 ($0.37) during midday trading on Monday, reaching GBX 1,567 ($20.48). The company had a trading volume of 523,994 shares, compared to its average volume of 721,158. Hiscox has a 1 year low of GBX 1,069.50 ($13.97) and a 1 year high of GBX 1,526 ($19.94).
The business also recently disclosed a dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Thursday, May 9th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from Hiscox’s previous dividend of $0.13. This represents a yield of 1.37%.
In related news, insider Roberts S. Childs sold 400 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 1,630 ($21.30), for a total value of £6,520 ($8,519.53). Also, insider Thomas Hürlimann purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was acquired at an average price of GBX 1,580 ($20.65) per share, with a total value of £79,000 ($103,227.49).
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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