Hiscox Ltd (LON:HSX) Given Average Rating of “Hold” by Brokerages

Hiscox Ltd (LON:HSXGet Rating) has earned an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 995.83 ($12.03).

A number of research firms have issued reports on HSX. Royal Bank of Canada boosted their price objective on shares of Hiscox to GBX 950 ($11.48) and gave the company a “sector perform” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. reduced their price target on Hiscox from GBX 900 ($10.87) to GBX 880 ($10.63) and set an “underweight” rating on the stock in a research report on Thursday, August 4th. Berenberg Bank lowered their price objective on shares of Hiscox from GBX 1,075 ($12.99) to GBX 1,045 ($12.63) and set a “hold” rating for the company in a research report on Thursday, August 4th. Finally, Barclays raised their target price on Hiscox from GBX 1,144 ($13.82) to GBX 1,150 ($13.90) and gave the company an “equal weight” rating in a report on Monday, August 15th.

Hiscox Stock Performance

Shares of Hiscox stock opened at GBX 919.20 ($11.11) on Friday. Hiscox has a 52-week low of GBX 769.40 ($9.30) and a 52-week high of GBX 1,002 ($12.11). The stock has a market cap of £3.19 billion and a PE ratio of 2,089.55. The firm has a 50-day moving average of GBX 899.64 and a 200-day moving average of GBX 924.86. The company has a debt-to-equity ratio of 29.18, a quick ratio of 0.10 and a current ratio of 0.48.

Hiscox Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 20th. Stockholders of record on Thursday, August 11th were paid a dividend of $0.12 per share. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 11th. Hiscox’s payout ratio is 78.34%.

Hiscox Company Profile

(Get Rating)

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. 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, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.

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Analyst Recommendations for Hiscox (LON:HSX)

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