Hiscox Ltd (LON:HSX) Receives Consensus Recommendation of “Hold” from Analysts

Hiscox Ltd (LON:HSX – Get Rating) has earned a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,189.67 ($14.50).

Several analysts have recently commented on HSX shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,200 ($14.63) price target on shares of Hiscox in a research report on Thursday, March 9th. Peel Hunt reaffirmed an “add” rating and set a GBX 1,220 ($14.87) price objective on shares of Hiscox in a research report on Wednesday, March 8th. HSBC downgraded shares of Hiscox to a “hold” rating and set a GBX 1,250 ($15.23) price objective on the stock. in a research report on Thursday, February 9th. Finally, Berenberg Bank boosted their price objective on shares of Hiscox from GBX 1,015 ($12.37) to GBX 1,285 ($15.66) and gave the stock a “hold” rating in a research report on Wednesday, March 8th.

Insider Transactions at Hiscox

In other Hiscox news, insider Hamayou Akbar Hussain bought 13,421 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were acquired at an average cost of GBX 1,118 ($13.63) per share, with a total value of £150,046.78 ($182,872.37). Company insiders own 1.41% of the company’s stock.

Hiscox Trading Up 1.9 %

HSX stock opened at GBX 1,095 ($13.35) on Friday. The business’s 50-day moving average is GBX 1,118.60 and its 200 day moving average is GBX 1,016.42. Hiscox has a 12-month low of GBX 789.20 ($9.62) and a 12-month high of GBX 1,152.50 ($14.05). The stock has a market cap of £3.79 billion, a price-to-earnings ratio of 10,950.00, a PEG ratio of -2.30 and a beta of 0.58. The company has a current ratio of 0.49, a quick ratio of 0.10 and a debt-to-equity ratio of 26.31.

Hiscox Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 4th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 4th. This is a positive change from Hiscox’s previous dividend of $0.12. This represents a yield of 1.88%. Hiscox’s dividend payout ratio (DPR) is 30,000.00%.

About Hiscox

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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.