Shares of Hiscox Ltd (LON:HSX – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 1,248 ($15.77) and last traded at GBX 1,226 ($15.49), with a volume of 3568 shares. The stock had previously closed at GBX 1,225 ($15.48).
Wall Street Analyst Weigh In
Separately, Berenberg Bank raised their price objective on Hiscox from GBX 1,230 ($15.54) to GBX 1,270 ($16.05) and gave the company a “hold” rating in a research note on Tuesday, March 5th.
Hiscox Trading Up 0.3 %
Hiscox Increases Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 2nd. This is a positive change from Hiscox’s previous dividend of $0.13. This represents a dividend yield of 1.76%. Hiscox’s dividend payout ratio (DPR) is currently 5,263.16%.
Insider Buying and Selling
In related news, insider Paul Cooper acquired 1,144 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of GBX 1,232 ($15.57) per share, for a total transaction of £14,094.08 ($17,811.30). 0.49% of the stock is owned by insiders.
About Hiscox
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 offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, luxury motor, classic car, and partners and direct-to-consumer using both traditional and digital trading models.
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