Hiscox’s (HSX) Overweight Rating Reiterated at JPMorgan Chase & Co.
A number of other brokerages also recently weighed in on HSX. Peel Hunt reissued a reduce rating and set a GBX 910 ($12.34) target price on shares of Hiscox in a research note on Thursday, January 4th. Shore Capital reissued a buy rating on shares of Hiscox in a research note on Tuesday, November 7th. Berenberg Bank began coverage on shares of Hiscox in a research note on Wednesday, December 13th. They set a buy rating and a GBX 1,580 ($21.43) target price for the company. Barclays lifted their target price on shares of Hiscox from GBX 1,008 ($13.67) to GBX 1,190 ($16.14) and gave the stock an underweight rating in a research note on Wednesday, October 25th. Finally, Citigroup reissued a neutral rating and set a GBX 1,350 ($18.31) target price on shares of Hiscox in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 1,256 ($17.03).
Hiscox (LON HSX) opened at GBX 1,399 ($18.97) on Friday. Hiscox has a 52 week low of GBX 988.50 ($13.41) and a 52 week high of GBX 1,478 ($20.04). The firm has a market cap of $4,030.00 and a price-to-earnings ratio of 1,706.10.
In other news, insider Richard Watson sold 50,000 shares of Hiscox stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 1,450 ($19.66), for a total transaction of £725,000 ($983,184.16). Also, insider Roberts S. Childs sold 30,000 shares of Hiscox stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of GBX 1,416 ($19.20), for a total transaction of £424,800 ($576,078.11).
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Hiscox Company Profile
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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