Royal Bank of Canada reissued their sector perform rating on shares of Hiscox (LON:HSX – Free Report) in a research note published on Friday, MarketBeat reports. They currently have a GBX 1,275 ($16.02) price target on the stock.
A number of other equities analysts have also weighed in on HSX. JPMorgan Chase & Co. restated an overweight rating on shares of Hiscox in a research report on Tuesday, April 9th. Berenberg Bank boosted their target price on shares of Hiscox from GBX 1,230 ($15.45) to GBX 1,270 ($15.95) and gave the company a hold rating in a report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of GBX 1,215 ($15.26).
Check Out Our Latest Report on Hiscox
Hiscox Price Performance
Hiscox Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Thursday, May 2nd will be issued a $0.25 dividend. This represents a yield of 1.76%. This is a positive change from Hiscox’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, May 2nd. Hiscox’s payout ratio is presently 1,875.00%.
Insider Buying and Selling at Hiscox
In related news, insider Paul Cooper purchased 1,144 shares of Hiscox stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of GBX 1,232 ($15.48) per share, with a total value of £14,094.08 ($17,706.13). 0.49% of the stock is currently owned by company insiders.
Hiscox Company Profile
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 offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.
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