JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Hiscox (LON:HSX)

JPMorgan Chase & Co. reiterated their overweight rating on shares of Hiscox (LON:HSX) in a research report released on Friday, January 5th.

HSX has been the subject of several other reports. Berenberg Bank began coverage on shares of Hiscox in a research note on Wednesday, December 13th. They set a buy rating and a GBX 1,580 ($21.43) price objective for the company. Peel Hunt reissued a reduce rating and set a GBX 980 ($13.29) price objective on shares of Hiscox in a research note on Wednesday, September 13th. Citigroup reissued a neutral rating and set a GBX 1,350 ($18.31) price objective on shares of Hiscox in a research note on Thursday, October 12th. Barclays reissued an underweight rating and set a GBX 1,008 ($13.67) price objective on shares of Hiscox in a research note on Tuesday, September 19th. Finally, Shore Capital reissued a buy rating on shares of Hiscox in a research note on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 1,275.60 ($17.30).

Shares of Hiscox (HSX) opened at GBX 1,423 ($19.30) on Friday. Hiscox has a 12 month low of GBX 988.50 ($13.41) and a 12 month high of GBX 1,478 ($20.04). The stock has a market cap of $4,080.00 and a price-to-earnings ratio of 1,735.37.

In other Hiscox news, insider Richard Watson sold 50,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 1,450 ($19.66), for a total value of £725,000 ($983,184.16). Also, insider Colin D. Keogh acquired 944 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of GBX 1,390 ($18.85) per share, for a total transaction of £13,121.60 ($17,794.41).

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About Hiscox

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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