Berenberg Bank Increases Hiscox (HSX) Price Target to GBX 1,790

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Hiscox (LON:HSX) had its price target upped by Berenberg Bank from GBX 1,630 ($21.03) to GBX 1,790 ($23.09) in a research note published on Monday morning. They currently have a buy rating on the stock.

HSX has been the topic of a number of other research reports. Numis Securities reissued a hold rating on shares of Hiscox in a research note on Monday, July 30th. HSBC boosted their price objective on Hiscox from GBX 1,450 ($18.70) to GBX 1,500 ($19.35) and gave the stock a hold rating in a research note on Wednesday, May 9th. Royal Bank of Canada boosted their price objective on Hiscox from GBX 1,575 ($20.32) to GBX 1,725 ($22.25) and gave the stock a sector performer rating in a research note on Tuesday, August 28th. Finally, Peel Hunt reissued a reduce rating and issued a GBX 1,090 ($14.06) price objective (up previously from GBX 910 ($11.74)) on shares of Hiscox in a research note on Monday, June 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 1,504.64 ($19.41).

Hiscox stock opened at GBX 1,691 ($21.81) on Monday. Hiscox has a 52 week low of GBX 1,069.50 ($13.80) and a 52 week high of GBX 1,526 ($19.69).

The company also recently declared a dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Thursday, August 9th will be paid a dividend of $0.13 per share. This represents a dividend yield of 0.64%. The ex-dividend date is Thursday, August 9th.

In other news, insider Anne MacDonald purchased 1,518 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were acquired at an average price of GBX 1,504 ($19.40) per share, with a total value of £22,830.72 ($29,451.39). Also, insider Bronek E. Masojada sold 50,000 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of GBX 1,695 ($21.87), for a total value of £847,500 ($1,093,266.25).

About Hiscox

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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