Hiscox (LON:HSX) Stock Passes Above Two Hundred Day Moving Average of $924.89

Shares of Hiscox Ltd (LON:HSXGet Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 924.89 ($11.18) and traded as high as GBX 926.60 ($11.20). Hiscox shares last traded at GBX 921 ($11.13), with a volume of 357,108 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price objective on Hiscox to GBX 950 ($11.48) and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Barclays raised their price objective on Hiscox from GBX 1,144 ($13.82) to GBX 1,150 ($13.90) and gave the stock an “equal weight” rating in a research note on Monday, August 15th. Berenberg Bank cut their price target on Hiscox from GBX 1,075 ($12.99) to GBX 1,045 ($12.63) and set a “hold” rating for the company in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. dropped their target price on Hiscox from GBX 900 ($10.87) to GBX 880 ($10.63) and set an “underweight” rating for the company in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Hiscox currently has a consensus rating of “Hold” and a consensus target price of GBX 1,019.14 ($12.31).

Hiscox Stock Down 0.9 %

The firm has a 50-day moving average of GBX 900.60 and a two-hundred day moving average of GBX 925.50. The company has a market capitalization of £3.16 billion and a PE ratio of 2,079.55. The company has a quick ratio of 0.10, a current ratio of 0.48 and a debt-to-equity ratio of 29.18.

Hiscox Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 20th. Shareholders of record on Thursday, August 11th were paid a $0.12 dividend. This represents a yield of 1.12%. The ex-dividend date was Thursday, August 11th. Hiscox’s dividend payout ratio is presently 78.34%.

Hiscox Company Profile

(Get Rating)

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. 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, personal lines cover, including high-value household, fine art, luxury motor, and classic car through brokers, partners and direct-to-consumer using both traditional and digital trading models.

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