Hiscox's (HSX) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

Hiscox (LON:HSX - Get Free Report)'s stock had its "overweight" rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Marketbeat.com reports.

Separately, Berenberg Bank upped their price objective on shares of Hiscox from GBX 1,230 ($15.57) to GBX 1,270 ($16.07) and gave the company a "hold" rating in a report on Tuesday, March 5th.

Hiscox Stock Down 1.7 %

LON:HSX traded down GBX 20 ($0.25) during mid-day trading on Tuesday, reaching GBX 1,169 ($14.80). The company's stock had a trading volume of 927,719 shares, compared to its average volume of 703,099. Hiscox has a 1 year low of GBX 926.04 ($11.72) and a 1 year high of GBX 1,251 ($15.83). The stock has a fifty day moving average of GBX 1,143.74 and a 200-day moving average of GBX 1,059.30. The firm has a market capitalization of £4.03 billion, a PE ratio of 730.63, a price-to-earnings-growth ratio of -2.30 and a beta of 0.68. The company has a quick ratio of 0.10, a current ratio of 15.15 and a debt-to-equity ratio of 22.88.

Insider Buying and Selling

In other news, insider Paul Cooper bought 1,144 shares of the company's stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of GBX 1,232 ($15.59) per share, with a total value of £14,094.08 ($17,838.35). Corporate insiders own 0.49% of the company's stock.

About Hiscox

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.