Hiscox Ltd (LON:HSX) declared a dividend on Monday, July 31st, Upcoming.Co.Uk reports. Investors of record on Thursday, August 10th will be paid a dividend of GBX 9.50 ($0.12) per share on Wednesday, September 13th. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be seen at this link.
Shares of Hiscox (LON HSX) traded down 1.13% on Friday, reaching GBX 1307.00. 251,522 shares of the company traded hands. Hiscox has a one year low of GBX 978.00 and a one year high of GBX 1,378.00. The company’s market capitalization is GBX 3.69 billion. The firm’s 50 day moving average is GBX 1,330.89 and its 200 day moving average is GBX 1,192.61.
In related news, insider Colin D. Keogh acquired 2,216 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average cost of GBX 1,248 ($16.20) per share, with a total value of £27,655.68 ($35,902.48). Also, insider Bronek E. Masojada sold 50,000 shares of Hiscox stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of GBX 1,236 ($16.05), for a total value of £618,000 ($802,284.82).
A number of research firms have issued reports on HSX. Numis Securities Ltd reiterated an “add” rating and issued a GBX 1,345 ($17.46) target price on shares of Hiscox in a research report on Thursday, May 11th. Peel Hunt lifted their target price on Hiscox from GBX 840 ($10.90) to GBX 980 ($12.72) and gave the company a “reduce” rating in a research report on Tuesday, July 18th. Stockdale Securities restated a “neutral” rating on shares of Hiscox in a report on Wednesday, August 2nd. Morgan Stanley assumed coverage on Hiscox in a report on Tuesday, July 25th. They set an “equal weight” rating and a GBX 1,380 ($17.92) price target on the stock. Finally, J P Morgan Chase & Co boosted their price target on Hiscox from GBX 1,155 ($14.99) to GBX 1,250 ($16.23) and gave the stock an “overweight” rating in a report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,176.83 ($15.28).
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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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