Hiscox (LON:HSX) Share Price Passes Above 200 Day Moving Average of $1,171.19

Hiscox Ltd (LON:HSX) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,171.19 ($15.22) and traded as high as GBX 1,200.20 ($15.60). Hiscox shares last traded at GBX 1,190 ($15.46), with a volume of 191,708 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,200 ($15.59) price target on shares of Hiscox in a research report on Wednesday, May 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,275 ($16.57) target price on shares of Hiscox in a research report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,235 ($16.05).

Hiscox Price Performance

The firm has a fifty day moving average of GBX 1,194.41 and a two-hundred day moving average of GBX 1,171.19. The company has a debt-to-equity ratio of 20.47, a current ratio of 9.29 and a quick ratio of 0.10. The stock has a market capitalization of £4.04 billion, a P/E ratio of 762.82, a P/E/G ratio of -2.30 and a beta of 0.69.

Hiscox Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, August 15th will be issued a $0.13 dividend. This represents a dividend yield of 0.89%. The ex-dividend date is Thursday, August 15th. Hiscox’s dividend payout ratio is currently 1,923.08%.

Hiscox Company Profile

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 offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.