Hiscox (LON:HSX) had its price target boosted by Barclays from GBX 1,314 ($16.95) to GBX 1,427 ($18.41) in a report issued on Friday morning. Barclays currently has an underweight rating on the stock.
HSX has been the topic of a number of other research reports. Berenberg Bank lifted their price target on shares of Hiscox from GBX 1,630 ($21.03) to GBX 1,790 ($23.09) and gave the company a buy rating in a research report on Monday, September 3rd. Canaccord Genuity reissued a buy rating and issued a GBX 1,875 ($24.19) price target on shares of Hiscox in a research report on Thursday. Numis Securities reissued a hold rating on shares of Hiscox in a research report on Monday, July 30th. Royal Bank of Canada lifted their price target on shares of Hiscox from GBX 1,575 ($20.32) to GBX 1,725 ($22.25) and gave the company a sector performer rating in a research report on Tuesday, August 28th. Finally, Peel Hunt reissued a reduce rating and issued a GBX 1,090 ($14.06) price target (up previously from GBX 910 ($11.74)) on shares of Hiscox in a research report on Monday, June 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Hiscox has a consensus rating of Hold and a consensus target price of GBX 1,533.36 ($19.78).
Shares of LON:HSX traded down GBX 8 ($0.10) during trading on Friday, reaching GBX 1,683 ($21.71). The stock had a trading volume of 685,461 shares, compared to its average volume of 721,158. 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 business also recently announced a dividend, which will be paid on Tuesday, September 11th. Investors of record on Thursday, August 9th will be given a dividend of $0.13 per share. This represents a yield of 0.64%. The ex-dividend date is Thursday, August 9th.
In related news, insider Anne MacDonald bought 1,518 shares of the company’s stock in a transaction that occurred on 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 business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of GBX 1,695 ($21.87), for a total transaction of £847,500 ($1,093,266.25).
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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