Peel Hunt reiterated their reduce rating on shares of Hiscox (LON:HSX) in a report published on Monday morning, ThisIsMoney.Co.Uk reports.
HSX has been the topic of several other reports. Shore Capital reissued a hold rating on shares of Hiscox in a report on Monday, July 29th. JPMorgan Chase & Co. lowered their price target on Hiscox from GBX 1,715 ($22.41) to GBX 1,675 ($21.89) and set an overweight rating on the stock in a report on Monday, July 15th. UBS Group reissued a neutral rating on shares of Hiscox in a report on Monday, July 29th. Canaccord Genuity increased their price target on Hiscox from GBX 1,580 ($20.65) to GBX 1,600 ($20.91) and gave the company a sell rating in a report on Tuesday, July 30th. Finally, Barclays increased their price target on Hiscox from GBX 1,390 ($18.16) to GBX 1,506 ($19.68) and gave the company an underweight rating in a report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Hiscox currently has a consensus rating of Hold and an average price target of GBX 1,569.73 ($20.51).
LON HSX opened at GBX 1,579 ($20.63) on Monday. The business’s fifty day moving average price is GBX 1,696.23 and its 200-day moving average price is GBX 1,631.87. The stock has a market capitalization of $4.49 billion and a price-to-earnings ratio of 36.38. The company has a debt-to-equity ratio of 30.74, a current ratio of 0.44 and a quick ratio of 0.10. Hiscox has a 1-year low of GBX 1,411 ($18.44) and a 1-year high of GBX 1,795 ($23.45).
The business also recently announced a dividend, which will be paid on Wednesday, September 11th. Investors of record on Thursday, August 8th will be issued a $0.14 dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.63%. Hiscox’s dividend payout ratio is currently 0.78%.
In related news, insider Richard Watson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32).
Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.
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