Hiscox (LON:HSX) PT Raised to GBX 1,270 at Berenberg Bank

Hiscox (LON:HSXFree Report) had its price target increased by Berenberg Bank from GBX 1,230 ($15.61) to GBX 1,270 ($16.12) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 1,300 ($16.50) price objective on shares of Hiscox in a research report on Thursday, November 9th. Jefferies Financial Group reissued a hold rating and set a GBX 1,100 ($13.96) price objective on shares of Hiscox in a research report on Tuesday, November 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of GBX 1,230.40 ($15.62).

View Our Latest Stock Report on HSX

Hiscox Stock Performance

Shares of Hiscox stock opened at GBX 1,190 ($15.10) on Tuesday. The company has a current ratio of 8.73, a quick ratio of 0.10 and a debt-to-equity ratio of 20.46. The firm has a market capitalization of £4.12 billion, a P/E ratio of 2,087.72, a P/E/G ratio of -2.30 and a beta of 0.68. The business has a fifty day simple moving average of GBX 1,069.12 and a two-hundred day simple moving average of GBX 1,027.11. Hiscox has a 12 month low of GBX 926.03 ($11.75) and a 12 month high of GBX 1,212 ($15.38).

Hiscox Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 12th. Investors 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 boost from Hiscox’s previous dividend of $0.13. This represents a dividend yield of 1.76%. Hiscox’s dividend payout ratio (DPR) is 5,263.16%.

Insider Activity at Hiscox

In other news, insider Colin D. Keogh bought 1,424 shares of the company’s stock in a transaction on Monday, December 11th. The shares were acquired at an average cost of GBX 1,047 ($13.29) per share, with a total value of £14,909.28 ($18,922.81). 0.49% of the stock is currently owned by insiders.

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 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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Analyst Recommendations for Hiscox (LON:HSX)

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