Hiscox Ltd (LON:HSX) insider Richard Watson sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 1,450 ($19.07), for a total value of £725,000 ($953,570.96).
Hiscox Ltd (HSX) opened at GBX 1,470 ($19.33) on Wednesday. Hiscox Ltd has a one year low of GBX 978 ($12.86) and a one year high of GBX 1,465 ($19.27).
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HSX has been the topic of a number of research reports. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 1,250 ($16.44) price objective on shares of Hiscox in a research report on Tuesday, August 1st. Peel Hunt restated a “reduce” rating and set a GBX 980 ($12.89) price objective on shares of Hiscox in a research report on Wednesday, August 30th. Citigroup Inc. restated a “neutral” rating and set a GBX 1,350 ($17.76) price objective on shares of Hiscox in a research report on Thursday, October 12th. Barclays PLC boosted their price objective on Hiscox from GBX 1,008 ($13.26) to GBX 1,190 ($15.65) and gave the company an “underweight” rating in a research report on Wednesday, October 25th. Finally, Morgan Stanley assumed coverage on Hiscox in a research note on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 1,380 ($18.15) price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Hiscox has a consensus rating of “Hold” and an average target price of GBX 1,215 ($15.98).
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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