Hiscox Ltd (LON:HSX) Given Average Recommendation of “Hold” by Brokerages

Shares of Hiscox Ltd (LON:HSXGet Rating) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,014.43 ($12.93).

A number of research firms have weighed in on HSX. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 1,000 ($12.75) target price on shares of Hiscox in a report on Friday, April 1st. Barclays raised their price objective on Hiscox from GBX 1,027 ($13.09) to GBX 1,067 ($13.60) and gave the stock an “equal weight” rating in a research note on Wednesday, April 20th. Berenberg Bank reiterated a “hold” rating and set a GBX 1,075 ($13.70) target price on shares of Hiscox in a research report on Tuesday, March 15th. Morgan Stanley cut their target price on Hiscox from GBX 1,177 ($15.00) to GBX 1,159 ($14.77) and set an “overweight” rating for the company in a research report on Tuesday, April 5th. Finally, JPMorgan Chase & Co. increased their target price on Hiscox from GBX 830 ($10.58) to GBX 850 ($10.83) and gave the stock an “underweight” rating in a research report on Thursday, March 3rd.

In other news, insider Colin D. Keogh bought 1,459 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The shares were purchased at an average price of GBX 982 ($12.52) per share, for a total transaction of £14,327.38 ($18,260.74). Also, insider Joanne Musselle bought 18,860 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was purchased at an average price of GBX 793 ($10.11) per share, for a total transaction of £149,559.80 ($190,619.17).

Shares of Hiscox stock traded up GBX 18.40 ($0.23) during trading on Tuesday, hitting GBX 921.80 ($11.75). 151,133 shares of the company’s stock traded hands, compared to its average volume of 660,436. The company has a debt-to-equity ratio of 31.23, a current ratio of 0.99 and a quick ratio of 0.56. Hiscox has a 1 year low of GBX 763.60 ($9.73) and a 1 year high of GBX 1,002 ($12.77). The stock has a market capitalization of £3.19 billion and a P/E ratio of 21.95. The business has a 50-day simple moving average of GBX 933.68 and a 200-day simple moving average of GBX 898.03.

The business also recently disclosed a dividend, which will be paid on Monday, June 13th. Stockholders of record on Thursday, May 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Thursday, May 5th. This represents a dividend yield of 1.93%. This is an increase from Hiscox’s previous dividend of $0.12. Hiscox’s dividend payout ratio is 0.27%.

Hiscox Company Profile (Get Rating)

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 provides commercial insurance for small-and medium-sized businesses, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.

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Analyst Recommendations for Hiscox (LON:HSX)

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