A number of other analysts have also commented on the stock. Macquarie reaffirmed an outperform rating and set a GBX 1,180 ($14.35) target price on shares of Hiscox in a report on Friday, December 16th. Barclays PLC lifted their target price on shares of Hiscox from GBX 923 ($11.22) to GBX 969 ($11.78) and gave the stock an underweight rating in a report on Monday, December 12th. Royal Bank Of Canada reaffirmed a sector perform rating and set a GBX 1,150 ($13.99) target price on shares of Hiscox in a report on Wednesday, December 7th. Numis Securities Ltd raised shares of Hiscox to an add rating and set a GBX 1,225 ($14.90) target price for the company in a report on Thursday, November 24th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 1,125 ($13.68) target price on shares of Hiscox in a report on Tuesday, November 8th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 1,047.36 ($12.74).
Hiscox (LON:HSX) traded down 0.59% during trading on Tuesday, hitting GBX 1014.00. 311,246 shares of the stock were exchanged. The firm’s market capitalization is GBX 2.86 billion. The stock has a 50 day moving average price of GBX 1,025.81 and a 200-day moving average price of GBX 1,042.81. Hiscox has a 12-month low of GBX 896.50 and a 12-month high of GBX 1,106.00.
In related news, insider Richard Watson sold 28,231 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of GBX 1,010 ($12.28), for a total value of £285,133.10 ($346,750.70). Also, insider Anne MacDonald purchased 2,309 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was bought at an average price of GBX 1,004 ($12.21) per share, for a total transaction of £23,182.36 ($28,192.10).
Hiscox Limited is a Bermuda-based insurer. 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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