Shares of Hiscox (LON:HSX) have been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 1,415.10 ($19.20).
Several equities research analysts recently commented on the company. Peel Hunt reiterated a “reduce” rating and issued a GBX 910 ($12.34) price objective on shares of Hiscox in a report on Monday, February 26th. Stockdale Securities reiterated a “hold” rating and issued a GBX 1,580 ($21.43) price objective on shares of Hiscox in a report on Tuesday, February 6th. JPMorgan Chase lifted their price objective on Hiscox from GBX 1,525 ($20.69) to GBX 1,550 ($21.03) and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Citigroup restated a “neutral” rating and set a GBX 1,400 ($18.99) price target on shares of Hiscox in a research note on Tuesday, February 27th. Finally, HSBC boosted their price target on Hiscox from GBX 1,450 ($19.67) to GBX 1,500 ($20.35) and gave the company a “hold” rating in a research note on Wednesday.
In related news, insider Colin D. Keogh acquired 1,807 shares of the stock in a transaction dated Thursday, March 29th. The shares were purchased at an average cost of GBX 1,445 ($19.60) per share, with a total value of £26,111.15 ($35,419.36). Also, insider Roberts S. Childs sold 500 shares of Hiscox stock in a transaction dated Monday, March 12th. The shares were sold at an average price of GBX 1,501 ($20.36), for a total value of £7,505 ($10,180.41).
LON HSX opened at GBX 1,495 ($20.28) on Monday. Hiscox has a one year low of GBX 1,069.50 ($14.51) and a one year high of GBX 1,526 ($20.70).
The company also recently declared a dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Thursday, May 10th will be paid a dividend of GBX 19.50 ($0.26) per share. This is an increase from Hiscox’s previous dividend of $9.50. This represents a dividend yield of 1.4%. The ex-dividend date is Thursday, May 10th.
Hiscox Company Profile
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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