Hiscox Ltd (HSX) Given Outperform Rating at Credit Suisse Group AG
Hiscox Ltd (LON:HSX)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group AG in a research note issued to investors on Friday. They presently have a GBX 1,180 ($15.40) price objective on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 13.35% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research note on Monday, July 25th. HSBC reissued a “hold” rating and issued a GBX 972 ($12.69) price objective on shares of Hiscox in a research note on Wednesday, June 29th. Citigroup Inc. reissued a “neutral” rating and issued a GBX 1,045 ($13.64) price objective on shares of Hiscox in a research note on Wednesday, August 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,125 ($14.68) price objective on shares of Hiscox in a research note on Monday, August 1st. Finally, Peel Hunt reissued a “reduce” rating and issued a GBX 830 ($10.83) price objective on shares of Hiscox in a research note on Monday, July 4th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 993.69 ($12.97).
Hiscox (LON:HSX) opened at 1041.00 on Friday. Hiscox has a 12 month low of GBX 896.50 and a 12 month high of GBX 1,106.00. The company’s 50 day moving average is GBX 1,061.53 and its 200 day moving average is GBX 1,006.74. The stock’s market cap is GBX 2.93 billion.
The business also recently disclosed a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 4th were issued a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date was Thursday, August 4th. This represents a yield of 0.8%.
In related news, insider Keogh,Colin D acquired 41 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average price of GBX 1,036 ($13.52) per share, for a total transaction of £424.76 ($554.44). Also, insider Anne MacDonald acquired 2,823 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The shares were bought at an average price of GBX 1,041 ($13.59) per share, with a total value of £29,387.43 ($38,359.78).
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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