Hiscox Ltd (HSX) Given “Neutral” Rating at Stockdale Securities

Hiscox Ltd (LON:HSX)‘s stock had its “neutral” rating reiterated by equities researchers at Stockdale Securities in a research note issued to investors on Wednesday, August 2nd.

Several other equities analysts have also weighed in on HSX. Macquarie restated an “outperform” rating and set a GBX 1,200 ($15.63) target price on shares of Hiscox in a report on Tuesday, April 4th. Shore Capital restated a “buy” rating on shares of Hiscox in a report on Tuesday, May 9th. Peel Hunt restated a “reduce” rating and set a GBX 840 ($10.94) target price on shares of Hiscox in a report on Tuesday, May 9th. J P Morgan Chase & Co lifted their target price on shares of Hiscox from GBX 1,155 ($15.04) to GBX 1,250 ($16.28) and gave the company an “overweight” rating in a report on Wednesday, May 10th. Finally, Canaccord Genuity lifted their target price on shares of Hiscox from GBX 980 ($12.76) to GBX 1,100 ($14.32) and gave the company a “sell” rating in a report on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,176.83 ($15.33).

Hiscox (LON:HSX) traded down 1.12% during mid-day trading on Wednesday, hitting GBX 1320.00. The stock had a trading volume of 234,715 shares. The company’s market cap is GBX 3.73 billion. Hiscox has a one year low of GBX 978.00 and a one year high of GBX 1,378.00. The company has a 50 day moving average price of GBX 1,324.18 and a 200-day moving average price of GBX 1,182.68.

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In related news, insider Bronek E. Masojada sold 50,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of GBX 1,236 ($16.10), for a total transaction of £618,000 ($804,792.29). Also, insider Colin D. Keogh acquired 2,216 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were acquired at an average cost of GBX 1,248 ($16.25) per share, with a total value of £27,655.68 ($36,014.69).

Hiscox Company Profile

Hiscox Limited is a Bermuda-based insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.

Analyst Recommendations for Hiscox (LON:HSX)

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