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.
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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%.
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.
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