Hiscox Ltd (HSX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hiscox Ltd (LON:HSX) have been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,214.44 ($15.97).

A number of equities analysts have issued reports on the stock. Stockdale Securities reaffirmed a “neutral” rating on shares of Hiscox in a research note on Wednesday, August 2nd. Morgan Stanley assumed coverage on shares of Hiscox in a research note on Tuesday, July 25th. They issued an “equal weight” rating and a GBX 1,380 ($18.15) price objective on the stock. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 980 ($12.89) price objective on shares of Hiscox in a research note on Wednesday, September 13th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,350 ($17.76) price objective on shares of Hiscox in a research note on Thursday, October 12th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 1,375 ($18.08) price objective on shares of Hiscox in a research note on Wednesday, November 8th.

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Shares of Hiscox (LON HSX) traded up GBX 3 ($0.04) during trading on Monday, hitting GBX 1,423 ($18.72). 444,001 shares of the company were exchanged, compared to its average volume of 509,561. Hiscox has a fifty-two week low of GBX 978 ($12.86) and a fifty-two week high of GBX 1,470 ($19.33).

In other news, insider Richard Watson sold 50,000 shares of the company’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 transaction of £725,000 ($953,570.96). Also, insider Colin D. Keogh purchased 1,057 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were purchased at an average cost of GBX 1,280 ($16.84) per share, with a total value of £13,529.60 ($17,795.08).

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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