Hiscox Ltd (LON:HSX) Receives Average Analyst Rating of “Hold”

Hiscox Ltd (LON:HSX – Get a rating) received an average recommendation of “Hold” from the eight analysts who cover the stock, reports MarketBeat.com. One research analyst rated the stock with a sell recommendation, four gave the company a hold recommendation and two gave the company a buy recommendation. The 12-month average target price among analysts who have covered the stock over the past year is 995.83 GBX ($12.03).

HSX has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut its price target on Hiscox shares from 900 GBX ($10.87) to 880 GBX ($10.63) and set an “underweight” rating for the company in a research note from Thursday, August 4. Morgan Stanley reaffirmed an “overweight” rating on Hiscox shares in a Wednesday, May 11 research note. Royal Bank of Canada raised its price target on Hiscox shares to 950 GBX ($11.48) and gave the company an “industry performance” rating in a Thursday, Aug. 4 research note. Berenberg Bank cut its price target on Hiscox shares from 1,075 GBX ($12.99) to 1,045 GBX ($12.63) and set a “hold” rating for the company in a memo. research from Thursday August 4th. Finally, Barclays raised its price target on Hiscox shares from 1,144 GBX ($13.82) to 1,150 GBX ($13.90) and gave the company an “equal weight” rating in a research note from Monday, August 15.

Insiders place their bets

Separately, insider Colin D. Keogh bought 1,617 shares of the company in a trade on Wednesday, June 15. The share was acquired at an average price of 944 GBX ($11.41) per share, with a total value of £15,264.48 ($18,444.27).

Hiscox Stock Performance


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LON HSX opened at GBX 881.80 ($10.65) on Monday. The company’s 50-day moving average is 910.83 GBX and its 200-day moving average is 926.57 GBX. Hiscox has a 12-month low of 769.40 GBX ($9.30) and a 12-month high of 1,002 GBX ($12.11). The company has a quick ratio of 0.10, a current ratio of 0.48 and a debt ratio of 29.18. The company has a market capitalization of £3.06 billion and a P/E ratio of 2,004.09.

Hiscox cuts dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 20. Shareholders of record on Thursday, August 11 will receive a dividend of $0.12. The ex-dividend date is Thursday, August 11. This represents a return of 1.12%. Hiscox’s dividend payout ratio is currently 26.05%.

Hiscox Company Profile

(Get a rating)

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the UK, Europe, USA and internationally. The Company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS and Corporate Centre. It provides commercial insurance to small and medium sized businesses, personal lines coverage including high value household, fine art, luxury automobiles and classic cars through brokers, partners and consumers direct using traditional and digital business models.

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Analyst recommendations for Hiscox (LON:HSX)

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