Hiscox Ltd (LON:HSX) Insider Sells £158,500 in Stock

Hiscox Ltd (LON:HSX) insider Richard Watson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32).

Richard Watson also recently made the following trade(s):

  • On Tuesday, August 6th, Richard Watson sold 10,000 shares of Hiscox stock. The stock was sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32).

Shares of LON:HSX traded up GBX 36 ($0.47) during mid-day trading on Friday, hitting GBX 1,652 ($21.59). 429,594 shares of the company traded hands, compared to its average volume of 721,158. The firm has a market cap of $4.73 billion and a P/E ratio of 38.06. The company has a debt-to-equity ratio of 30.74, a quick ratio of 0.10 and a current ratio of 0.44. Hiscox Ltd has a 52-week low of GBX 1,411 ($18.44) and a 52-week high of GBX 1,795 ($23.45). The firm’s 50 day simple moving average is GBX 1,626.90 and its 200 day simple moving average is GBX 1,638.67.

The business also recently announced a dividend, which was paid on Wednesday, September 11th. Investors of record on Thursday, August 8th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 0.63%. Hiscox’s payout ratio is currently 0.78%.

A number of research firms have recently commented on HSX. Royal Bank of Canada raised their price objective on Hiscox from GBX 1,675 ($21.89) to GBX 1,700 ($22.21) and gave the stock a “sector performer” rating in a report on Tuesday, June 11th. Canaccord Genuity raised their price objective on Hiscox from GBX 1,580 ($20.65) to GBX 1,600 ($20.91) and gave the stock a “sell” rating in a report on Tuesday, July 30th. Morgan Stanley began coverage on Hiscox in a report on Friday, May 17th. They issued an “equal weight” rating and a GBX 1,619 ($21.16) price objective on the stock. Jefferies Financial Group raised their price objective on Hiscox from GBX 1,629 ($21.29) to GBX 1,666 ($21.77) and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, UBS Group restated a “neutral” rating on shares of Hiscox in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,565.73 ($20.46).

Hiscox Company Profile

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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Insider Buying and Selling by Quarter for Hiscox (LON:HSX)

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