Published On: Sun, Sep 18th, 2016

Hiscox Ltd (HSX) Rating Reiterated by JPMorgan Chase & Co.

Hiscox Ltd (LON:HSX)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Monday, reports. They presently have a GBX 1,125 ($14.98) target price on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 5.34% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. Barclays PLC reiterated an “underweight” rating and set a GBX 684 ($9.11) price objective on shares of Hiscox in a research note on Wednesday, May 4th. Peel Hunt reiterated a “reduce” rating and set a GBX 830 ($11.05) price objective on shares of Hiscox in a research note on Thursday, June 2nd. Canaccord Genuity increased their price objective on shares of Hiscox from GBX 865 ($11.52) to GBX 980 ($13.05) and gave the company a “sell” rating in a research note on Tuesday, July 26th. Shore Capital reiterated a “buy” rating on shares of Hiscox in a research note on Friday, April 22nd. Finally, HSBC reiterated a “hold” rating and set a GBX 972 ($12.95) price objective on shares of Hiscox in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Hiscox presently has a consensus rating of “Hold” and a consensus price target of GBX 993.69 ($13.24).
Hiscox (LON:HSX) opened at 1068.00 on Monday. Hiscox has a 52 week low of GBX 896.50 and a 52 week high of GBX 1,099.00. The firm’s market capitalization is GBX 3.01 billion. The stock’s 50 day moving average is GBX 1,064.57 and its 200-day moving average is GBX 996.47.

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The business also recently announced a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 4th were paid a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date was Thursday, August 4th. This represents a yield of 0.8%.
In other Hiscox news, insider Watson,Richard sold 96,234 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of GBX 1,084 ($14.44), for a total transaction of £1,043,176.56 ($1,389,420.03). Also, insider Jansen,Ernst bought 2,288 shares of the stock in a transaction on Thursday, June 30th. The shares were bought at an average cost of GBX 997 ($13.28) per share, for a total transaction of £22,811.36 ($30,382.74).
About Hiscox
Hiscox Limited is a Bermuda-based specialist 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.

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