Hiscox (OTCMKTS:HCXLF) Stock Price Up 0.1% – Time to Buy?

Shares of Hiscox Ltd (OTCMKTS:HCXLF) traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $24.5333 and last traded at $24.5333. 5,032 shares changed hands during trading, an increase of 217% from the average session volume of 1,589 shares. The stock had previously closed at $24.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HCXLF. Royal Bank Of Canada reiterated an “outperform” rating on shares of Hiscox in a report on Monday, May 11th. Morgan Stanley reissued an “overweight” rating on shares of Hiscox in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hiscox has a consensus rating of “Buy”.

Hiscox Stock Up 0.1%

The stock has a 50 day simple moving average of $20.07 and a 200 day simple moving average of $19.04.

Hiscox Company Profile

Hiscox Ltd is an internationally focused specialist insurer that provides a broad range of property and casualty insurance products to both personal and commercial clients. Through its retail division, the company offers high-net-worth home and art insurance, professional indemnity, cyber liability, and small business solutions. Hiscox also operates a Lloyd’s syndicate to underwrite specialty lines such as kidnap and ransom, marine, and political risk, and maintains a reinsurance and ILS (insurance-linked securities) business based in Bermuda.

The company’s product suite for private clients includes tailored coverage for fine art, collectibles, home contents, and motor vehicles, while its commercial arm serves niche sectors such as technology, media, healthcare, and financial institutions.