Analysts Set Hiscox Ltd (HSX) Price Target at $1,572.13

Shares of Hiscox Ltd (LON:HSX) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,572.13 ($20.54).

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Hiscox from GBX 1,427 ($18.65) to GBX 1,435 ($18.75) and gave the company an “underweight” rating in a report on Thursday, December 13th. Royal Bank of Canada cut their target price on shares of Hiscox from GBX 1,725 ($22.54) to GBX 1,650 ($21.56) and set a “sector performer” rating for the company in a report on Tuesday, December 11th. Berenberg Bank lifted their target price on shares of Hiscox from GBX 170 ($2.22) to GBX 1,470 ($19.21) and gave the company a “hold” rating in a report on Monday, December 10th. UBS Group reaffirmed a “neutral” rating and set a GBX 1,550 ($20.25) target price on shares of Hiscox in a report on Monday, February 25th. Finally, Shore Capital reaffirmed an “under review” rating on shares of Hiscox in a report on Monday, February 25th.

Shares of LON:HSX traded up GBX 3 ($0.04) during midday trading on Thursday, reaching GBX 1,563 ($20.42). 276,743 shares of the company were exchanged, compared to its average volume of 721,158. The company has a debt-to-equity ratio of 30.21, a quick ratio of 0.48 and a current ratio of 0.74. Hiscox has a one year low of GBX 1,411 ($18.44) and a one year high of GBX 1,727 ($22.57). The firm has a market cap of $4.50 billion and a price-to-earnings ratio of 35.28.

The business also recently disclosed a dividend, which will be paid on Wednesday, June 12th. Investors of record on Thursday, May 9th will be issued a $0.29 dividend. This is a positive change from Hiscox’s previous dividend of $0.13. This represents a yield of 1.37%. The ex-dividend date of this dividend is Thursday, May 9th. Hiscox’s payout ratio is 0.72%.

In other Hiscox news, insider Richard Watson sold 20,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of GBX 1,641 ($21.44), for a total transaction of £328,200 ($428,851.43). Also, insider Roberts S. Childs sold 400 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of GBX 1,630 ($21.30), for a total transaction of £6,520 ($8,519.53).

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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