Peel Hunt reiterated their reduce rating on shares of Hiscox Ltd (LON:HSX) in a research note published on Monday. Peel Hunt currently has a GBX 870 ($11.36) price objective on the stock.

A number of other equities research analysts also recently issued reports on HSX. Credit Suisse Group AG started coverage on shares of Hiscox in a research report on Monday, June 13th. They issued an outperform rating and a GBX 1,150 ($15.01) price objective for the company. Barclays PLC boosted their target price on shares of Hiscox from GBX 684 ($8.93) to GBX 714 ($9.32) and gave the company an underweight rating in a research note on Wednesday, June 29th. HSBC reiterated a hold rating and issued a GBX 972 ($12.69) target price on shares of Hiscox in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 1,125 ($14.68) target price on shares of Hiscox in a research note on Wednesday, July 20th. Finally, Shore Capital reiterated a buy rating on shares of Hiscox in a research note on Monday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 993.69 ($12.97).

Shares of Hiscox (LON:HSX) traded up 1.13% on Monday, reaching GBX 1074.00. 335,218 shares of the company were exchanged. The firm has a 50 day moving average price of GBX 1,063.08 and a 200-day moving average price of GBX 1,005.45. Hiscox has a 12-month low of GBX 896.50 and a 12-month high of GBX 1,106.00. The stock’s market capitalization is GBX 3.03 billion.

The company also recently announced a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 4th were paid a GBX 8.50 ($0.11) dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 4th.

In other news, insider Watson,Richard sold 96,234 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($14.15), for a total value of £1,043,176.56 ($1,361,671.53). Also, insider Keogh,Colin D purchased 41 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was bought at an average cost of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44).

Hiscox Company Profile

Hiscox Limited is a Bermuda-based specialist insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.

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