Hiscox Ltd (LON:HSX - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,264.84 ($16.91) and traded as high as GBX 1,362 ($18.21). Hiscox shares last traded at GBX 1,355.14 ($18.12), with a volume of 924,787 shares traded.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on HSX. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Hiscox in a research report on Friday, August 1st. Peel Hunt reiterated a "buy" rating and set a GBX 1,460 target price on shares of Hiscox in a research report on Thursday, July 3rd. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,400 target price on shares of Hiscox in a research report on Tuesday, September 2nd. Finally, Berenberg Bank upped their price target on Hiscox from GBX 1,450 to GBX 1,580 and gave the company a "buy" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,480.
Check Out Our Latest Report on Hiscox
Hiscox Stock Down 0.2%
The stock has a market capitalization of £4.51 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65. The stock's 50-day simple moving average is GBX 1,334.43 and its 200 day simple moving average is GBX 1,264.84.
Hiscox declared that its Board of Directors has authorized a share buyback program on Wednesday, August 6th that authorizes the company to repurchase $275.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.
Hiscox Company Profile
(
Get Free Report)
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.
Further Reading
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