Hiscox’s (HSX) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co
J P Morgan Chase & Co reissued their overweight rating on shares of Hiscox Ltd (LON:HSX) in a research report report published on Thursday morning. They currently have a GBX 1,250 ($16.32) target price on the stock.
HSX has been the topic of a number of other research reports. Canaccord Genuity lifted their price objective on Hiscox from GBX 980 ($12.80) to GBX 1,100 ($14.36) and gave the stock a sell rating in a research report on Thursday, May 11th. Macquarie reiterated an outperform rating and set a GBX 1,200 ($15.67) price objective on shares of Hiscox in a research report on Tuesday, April 4th. Peel Hunt reiterated a reduce rating and set a GBX 840 ($10.97) price objective on shares of Hiscox in a research report on Monday, July 3rd. Stockdale Securities reiterated a neutral rating on shares of Hiscox in a research report on Tuesday, April 18th. Finally, Shore Capital restated a buy rating on shares of Hiscox in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,158.36 ($15.13).
Hiscox (LON HSX) traded up 0.15% during trading on Thursday, hitting GBX 1357.00. The stock had a trading volume of 401,048 shares. Hiscox has a 12 month low of GBX 978.00 and a 12 month high of GBX 1,378.00. The company’s 50 day moving average is GBX 1,282.74 and its 200-day moving average is GBX 1,147.29. The company’s market cap is GBX 3.80 billion.
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In other news, insider Colin D. Keogh acquired 2,216 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was acquired at an average cost of GBX 1,248 ($16.30) per share, with a total value of £27,655.68 ($36,113.45). Also, insider Bronek E. Masojada sold 50,000 shares of Hiscox stock in a transaction on Friday, June 2nd. The shares were sold at an average price of GBX 1,236 ($16.14), for a total value of £618,000 ($806,999.22).
Hiscox Limited is a Bermuda-based 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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