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

Hiscox Ltd (LON:HSXGet Rating) has received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 995.83 ($12.03).

Several research firms have weighed in on HSX. Barclays lifted their target price on Hiscox from GBX 1,144 ($13.82) to GBX 1,150 ($13.90) and gave the stock an “equal weight” rating in a report on Monday, August 15th. Royal Bank of Canada boosted their price objective on Hiscox to GBX 950 ($11.48) and gave the company a “sector perform” rating in a research report on Thursday, August 4th. Berenberg Bank dropped their target price on shares of Hiscox from GBX 1,075 ($12.99) to GBX 1,045 ($12.63) and set a “hold” rating on the stock in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Hiscox from GBX 900 ($10.87) to GBX 880 ($10.63) and set an “underweight” rating on the stock in a research note on Thursday, August 4th.

Hiscox Price Performance

Shares of HSX stock opened at GBX 919.20 ($11.11) on Friday. The company has a quick ratio of 0.10, a current ratio of 0.48 and a debt-to-equity ratio of 29.18. Hiscox has a 12-month low of GBX 769.40 ($9.30) and a 12-month high of GBX 1,002 ($12.11). The firm has a fifty day moving average of GBX 899.64 and a 200-day moving average of GBX 924.86. The firm has a market capitalization of £3.19 billion and a price-to-earnings ratio of 2,089.55.

Hiscox Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 20th. Stockholders of record on Thursday, August 11th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a dividend yield of 1.12%. Hiscox’s dividend payout ratio is currently 78.34%.

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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