Peel Hunt Reaffirms “Reduce” Rating for Hiscox (LON:HSX)

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Peel Hunt reiterated their reduce rating on shares of Hiscox (LON:HSX) in a report released on Thursday, Digital Look reports. They currently have a GBX 1,010 ($13.20) target price on the stock.

Several other research firms also recently commented on HSX. Barclays reissued an underweight rating on shares of Hiscox in a research report on Thursday, October 24th. Shore Capital reissued a hold rating on shares of Hiscox in a research report on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on shares of Hiscox from GBX 1,800 ($23.52) to GBX 1,750 ($22.87) and set an overweight rating for the company in a research report on Monday, September 16th. Jefferies Financial Group decreased their target price on shares of Hiscox from GBX 1,666 ($21.77) to GBX 1,605 ($20.97) and set a hold rating for the company in a research report on Tuesday, November 5th. Finally, UBS Group reissued a neutral rating and issued a GBX 1,550 ($20.25) target price (down from GBX 1,680 ($21.95)) on shares of Hiscox in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Hiscox currently has an average rating of Hold and a consensus target price of GBX 1,430.25 ($18.69).

Shares of HSX opened at GBX 1,269 ($16.58) on Thursday. The company’s 50 day moving average price is GBX 1,547.82 and its 200 day moving average price is GBX 1,630.07. Hiscox has a 52 week low of GBX 1,387 ($18.12) and a 52 week high of GBX 1,795 ($23.45). The company has a market capitalization of $3.65 billion and a PE ratio of 29.24. The company has a debt-to-equity ratio of 30.74, a quick ratio of 0.10 and a current ratio of 0.44.

In other news, insider Richard Watson sold 30,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of GBX 1,651 ($21.57), for a total value of £495,300 ($647,197.18). Also, insider Bronek E. Masojada sold 37,500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of GBX 1,575 ($20.58), for a total transaction of £590,625 ($771,756.17). Insiders sold 77,900 shares of company stock valued at $125,098,900 over the last three months.

About Hiscox

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It provides commercial insurance for small-and medium-sized businesses, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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Analyst Recommendations for Hiscox (LON:HSX)

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