Hiscox (HSX) Given Reduce Rating at Peel Hunt

Peel Hunt reissued their reduce rating on shares of Hiscox (LON:HSX) in a report published on Friday morning.

Other research analysts have also issued reports about the stock. Royal Bank of Canada lifted their price target on shares of Hiscox from GBX 1,575 ($20.52) to GBX 1,725 ($22.47) and gave the company a sector performer rating in a report on Tuesday, August 28th. Numis Securities reaffirmed a hold rating on shares of Hiscox in a report on Monday, July 30th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 1,875 ($24.42) price target on shares of Hiscox in a report on Thursday, September 6th. Barclays lifted their price target on shares of Hiscox from GBX 1,314 ($17.12) to GBX 1,427 ($18.59) and gave the company an underweight rating in a report on Friday, September 7th. Finally, Berenberg Bank lifted their price target on shares of Hiscox from GBX 1,630 ($21.23) to GBX 1,790 ($23.32) and gave the company a buy rating in a report on Monday, September 3rd. Two equities research 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’s stock. Hiscox currently has an average rating of Hold and a consensus price target of GBX 1,533.36 ($19.97).

Shares of LON HSX traded down GBX 5 ($0.07) during midday trading on Friday, hitting GBX 1,610 ($20.97). The company’s stock had a trading volume of 552,741 shares, compared to its average volume of 721,158. Hiscox has a 1-year low of GBX 1,069.50 ($13.93) and a 1-year high of GBX 1,526 ($19.88).

The company also recently announced a dividend, which was paid on Tuesday, September 11th. Shareholders of record on Thursday, August 9th were paid a dividend of $0.13 per share. This represents a yield of 0.64%. The ex-dividend date was Thursday, August 9th.

In other Hiscox news, insider Bronek E. Masojada sold 50,000 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of GBX 1,695 ($22.08), for a total transaction of £847,500 ($1,103,946.85).

About Hiscox

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. 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, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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Analyst Recommendations for Hiscox (LON:HSX)

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