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, StockTargetPrices.com 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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/18/hiscox-ltd-hsx-rating-reiterated-by-jpmorgan-chase-co.html
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).
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.
Receive News & Ratings for Hiscox Ltd Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hiscox Ltd and related companies with MarketBeat.com’s FREE daily email newsletter.