Hiscox - HSX Share Forecast, Price & News

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 provides commercial insurance for small-and medium-sized businesses, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models. The company also offers property insurance; marine and energy insurance; aviation insurance; casualty insurance; specialty insurance; kidnap and ransom insurance; and other specialty insurance, such as contingency, terrorism, personal accident, and product recall. In addition, it provides healthcare and casualty reinsurance services, as well as investment services. Hiscox Ltd was founded in 1901 and is based in Pembroke, Bermuda.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Berenberg Bank cut their price target on Hiscox from GBX 1,075 ($12.99) to GBX 1,045 ($12.63) and set a "hold" rating on the stock in a report on Thursday, August 4th. JPMorgan Chase & Co. decreased their price target on shares of Hiscox from GBX 900 ($10.87) to GBX 880 ($10.63) and set an "underweight" rating on the stock in a report on Thursday, August 4th. Royal Bank of Canada upped their target price on Hiscox to GBX 950 ($11.48) and gave the stock a "sector perform" rating in a research note on Thursday, August 4th. Morgan Stanley reiterated an "overweight" rating on shares of Hiscox in a research report on Wednesday, May 11th. Finally, Barclays upped their price objective on shares of Hiscox from GBX 1,144 ($13.82) to GBX 1,150 ($13.90) and gave the company an "equal weight" rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 1,019.14 ($12.31).

Hiscox Trading Up 0.7 %

HSX Stock traded up GBX 6 ($0.07) during trading on Thursday, reaching GBX 928.60 ($11.22). The company had a trading volume of 91,871 shares, compared to its average volume of 617,968. The business has a 50 day moving average of GBX 913.56 and a 200 day moving average of GBX 930.83. The company has a debt-to-equity ratio of 29.18, a current ratio of 0.48 and a quick ratio of 0.10. The company has a market cap of £3.22 billion and a P/E ratio of 2,096.36. Hiscox has a 52 week low of GBX 769.40 ($9.30) and a 52 week high of GBX 1,002 ($12.11).

Hiscox Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 20th. Investors of record on Thursday, August 11th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 1.12%. Hiscox's dividend payout ratio (DPR) is currently 26.05%.

Insider Transactions at Hiscox

In related news, insider Colin D. Keogh acquired 1,617 shares of the stock in a transaction on Wednesday, June 15th. The stock was acquired at an average price of GBX 944 ($11.41) per share, for a total transaction of £15,264.48 ($18,444.27).