Insider Selling: Hiscox Ltd (HSX) Insider Sells £725,000 in Stock
Hiscox Ltd (LON:HSX) insider Richard Watson sold 50,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 1,450 ($19.07), for a total value of £725,000 ($953,570.96).
Shares of Hiscox Ltd (LON:HSX) opened at GBX 1,420 ($18.68) on Friday. Hiscox Ltd has a 52-week low of GBX 978 ($12.86) and a 52-week high of GBX 1,470 ($19.33).
A number of analysts recently commented on the company. Stockdale Securities reaffirmed a “neutral” rating on shares of Hiscox in a research report on Wednesday, August 2nd. Morgan Stanley assumed coverage on Hiscox in a research report on Tuesday, July 25th. They set an “equal weight” rating and a GBX 1,380 ($18.15) price target for the company. Peel Hunt reaffirmed a “reduce” rating and set a GBX 980 ($12.89) price target on shares of Hiscox in a research report on Wednesday, September 13th. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 1,350 ($17.76) price target on shares of Hiscox in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 1,375 ($18.08) price target on shares of Hiscox in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Hiscox currently has an average rating of “Hold” and a consensus price target of GBX 1,215 ($15.98).
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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