HCC Insurance Holdings (NYSE:HCC) Director John Niels Molbeck, Jr. unloaded 3,500 shares of HCC Insurance Holdings stock in a transaction that occured on Monday, August 12th. The stock was sold at an average price of $44.75, for a total value of $156,625.00. Following the sale, the director now directly owns 25,581 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of HCC Insurance Holdings from $49.00 to $51.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of HCC Insurance Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $49.80 price target on the stock. Finally, analysts at Zacks upgraded shares of HCC Insurance Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 2nd. They now have a $45.80 price target on the stock.
Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $45.23.
Shares of HCC Insurance Holdings (NYSE:HCC) traded down 0.25% during mid-day trading on Wednesday, hitting $44.27. HCC Insurance Holdings has a 52 week low of $31.97 and a 52 week high of $46.14. The stock’s 50-day moving average is currently $44.60. The company has a market cap of $4.377 billion and a P/E ratio of 10.98.
HCC Insurance Holdings, Inc (NYSE:HCC) is a specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland.
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