Hiscox (LON:HSX) Stock Crosses Above 200-Day Moving Average of $927.44

Hiscox Ltd (LON:HSX – Get Rating)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 927.44 ($11.36) and traded as high as GBX 938.60 ($11.50). Hiscox shares last traded at GBX 927.40 ($11.36), with a volume of 429,544 shares trading hands.

Several equities analysts have weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of Hiscox in a report on Wednesday, May 11th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 895 ($10.96) target price on shares of Hiscox in a report on Tuesday, May 17th. Berenberg Bank restated a “hold” rating and set a GBX 1,075 ($13.17) target price on shares of Hiscox in a report on Monday, May 30th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 1,000 ($12.25) target price on shares of Hiscox in a report on Friday, May 27th. Finally, Barclays restated an “equal weight” rating and set a GBX 1,067 ($13.07) target price on shares of Hiscox in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 1,020.86 ($12.50).

The firm has a market capitalization of £3.21 billion and a PE ratio of 20.70. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 31.23. The business’s fifty day moving average price is GBX 934.29 and its 200 day moving average price is GBX 927.44.

In related news, insider Colin D. Keogh bought 1,617 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average cost of GBX 944 ($11.56) per share, with a total value of £15,264.48 ($18,697.31). Also, insider Colin D. Keogh bought 1,459 shares of the firm’s stock in a transaction that occurred on Wednesday, April 6th. The stock was bought at an average cost of GBX 982 ($12.03) per share, for a total transaction of £14,327.38 ($17,549.46).

About Hiscox (LON:HSX)

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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