Hiscox Ltd (HSX) Given Average Rating of “Hold” by Brokerages

Shares of Hiscox Ltd (LON:HSX) have received an average recommendation of “Hold” from the twelve analysts that are covering the firm. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,071.90 ($13.49).

Several equities research analysts have recently commented on HSX shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,125 ($14.16) target price on shares of Hiscox in a report on Friday, February 24th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 1,180 ($14.85) target price on shares of Hiscox in a report on Monday, January 16th. Barclays PLC upped their target price on Hiscox from GBX 969 ($12.20) to GBX 972 ($12.23) and gave the company an “underweight” rating in a report on Monday, February 6th. Macquarie reaffirmed an “outperform” rating and set a GBX 1,200 ($15.10) target price on shares of Hiscox in a report on Monday, March 20th. Finally, Peel Hunt reduced their target price on Hiscox from GBX 870 ($10.95) to GBX 840 ($10.57) and set a “reduce” rating for the company in a report on Tuesday, January 24th.

In other news, insider Roberts S. Childs sold 1,224 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of GBX 1,072 ($13.49), for a total transaction of £13,121.28 ($16,515.14). Also, insider Roberts S. Childs sold 100,000 shares of the stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of GBX 1,126 ($14.17), for a total value of £1,126,000 ($1,417,243.55). Insiders have sold a total of 198,407 shares of company stock valued at $218,675,402 over the last ninety days.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/04/21/hiscox-ltd-hsx-receives-consensus-recommendation-of-hold-from-analysts-updated.html.

Hiscox (LON:HSX) remained flat at GBX 1132.00 during mid-day trading on Friday. 509,970 shares of the company’s stock traded hands. The company’s market capitalization is GBX 3.17 billion. Hiscox has a one year low of GBX 896.50 and a one year high of GBX 1,146.00. The company’s 50-day moving average price is GBX 1,104.03 and its 200 day moving average price is GBX 1,054.48.

The company also recently declared a dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Thursday, May 11th will be paid a dividend of GBX 19 ($0.24) per share. The ex-dividend date of this dividend is Thursday, May 11th. This is an increase from Hiscox’s previous dividend of $8.50. This represents a dividend yield of 1.77%.

About Hiscox

Hiscox Limited is a Bermuda-based insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.

Receive News & Ratings for Hiscox Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hiscox Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply