Hiscox Ltd (LON:HSX) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,187.45 ($15.46).
Several research analysts recently weighed in on HSX shares. Numis Securities Ltd restated an “add” rating and set a GBX 1,345 ($17.52) price target on shares of Hiscox in a report on Thursday, May 11th. Shore Capital restated a “buy” rating on shares of Hiscox in a report on Tuesday, May 9th. Morgan Stanley started coverage on shares of Hiscox in a report on Tuesday, July 25th. They set an “equal weight” rating and a GBX 1,380 ($17.97) price target on the stock. Credit Suisse Group cut shares of Hiscox to a “neutral” rating and boosted their price target for the stock from GBX 1,180 ($15.37) to GBX 1,305 ($16.99) in a report on Tuesday, July 18th. Finally, Citigroup Inc. restated a “neutral” rating and set a GBX 1,330 ($17.32) price target on shares of Hiscox in a report on Friday, July 14th.
In related news, insider Colin D. Keogh acquired 2,216 shares of the stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of GBX 1,248 ($16.25) per share, with a total value of £27,655.68 ($36,014.69). Also, insider Bronek E. Masojada sold 50,000 shares of Hiscox stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of GBX 1,236 ($16.10), for a total transaction of £618,000 ($804,792.29).
Shares of Hiscox (LON:HSX) traded down 0.66% during midday trading on Friday, hitting GBX 1364.00. 216,952 shares of the stock were exchanged. Hiscox has a 1-year low of GBX 978.00 and a 1-year high of GBX 1,378.00. The firm’s 50 day moving average is GBX 1,317.32 and its 200-day moving average is GBX 1,174.50. The stock’s market capitalization is GBX 3.86 billion.
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.
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