Hiscox (LON:HSX) had its price objective reduced by Jefferies Financial Group from GBX 1,638 ($21.40) to GBX 1,585 ($20.71) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports. Jefferies Financial Group currently has a hold rating on the stock.
Other research analysts also recently issued reports about the company. UBS Group reiterated a neutral rating on shares of Hiscox in a report on Friday, May 3rd. Peel Hunt reiterated a reduce rating and issued a GBX 1,040 ($13.59) price target (down from GBX 1,130 ($14.77)) on shares of Hiscox in a report on Tuesday, May 7th. Royal Bank of Canada cut their price target on Hiscox from GBX 1,675 ($21.89) to GBX 1,628 ($21.27) and set a sector performer rating on the stock in a report on Tuesday, May 7th. Berenberg Bank lifted their price target on Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the company a hold rating in a report on Thursday, May 9th. Finally, Shore Capital reiterated a hold rating on shares of Hiscox in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 1,534.55 ($20.05).
Shares of LON:HSX opened at GBX 1,659 ($21.68) on Tuesday. Hiscox has a 12-month low of GBX 1,411 ($18.44) and a 12-month high of GBX 1,727 ($22.57). The firm has a market capitalization of $4.77 billion and a PE ratio of 37.45. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 30.21.
The firm also recently disclosed a dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Thursday, May 9th will be given a $0.29 dividend. This is a boost from Hiscox’s previous dividend of $0.13. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 1.37%. Hiscox’s dividend payout ratio (DPR) is presently 0.72%.
In other news, insider Richard Watson sold 20,000 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of GBX 1,641 ($21.44), for a total value of £328,200 ($428,851.43). Also, insider Thomas Hürlimann acquired 5,000 shares of the stock in a transaction dated Wednesday, February 27th. The stock was acquired at an average cost of GBX 1,580 ($20.65) per share, with a total value of £79,000 ($103,227.49).
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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