Hiscox (OTCMKTS:HCXLF) Stock Price Down 7% – Here’s What Happened

Hiscox Ltd (OTCMKTS:HCXLF)’s stock price dropped 7% on Thursday . The stock traded as low as $22.82 and last traded at $22.82. Approximately 247 shares changed hands during trading, a decline of 88% from the average daily volume of 2,018 shares. The stock had previously closed at $24.55.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating on shares of Hiscox in a research report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Hiscox in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Hiscox Stock Performance

The business has a 50 day moving average of $22.16 and a 200 day moving average of $19.89.

Hiscox Company Profile

Hiscox Ltd is an internationally focused specialist insurer that provides a broad range of property and casualty insurance products to both personal and commercial clients. Through its retail division, the company offers high-net-worth home and art insurance, professional indemnity, cyber liability, and small business solutions. Hiscox also operates a Lloyd’s syndicate to underwrite specialty lines such as kidnap and ransom, marine, and political risk, and maintains a reinsurance and ILS (insurance-linked securities) business based in Bermuda.

The company’s product suite for private clients includes tailored coverage for fine art, collectibles, home contents, and motor vehicles, while its commercial arm serves niche sectors such as technology, media, healthcare, and financial institutions.