Hiscox (OTCMKTS:HCXLF) Trading Down 7% – Here’s What Happened

Shares of Hiscox Ltd (OTCMKTS:HCXLF) dropped 7% during mid-day trading on Thursday . The stock traded as low as $22.82 and last traded at $22.82. Approximately 247 shares were traded during mid-day trading, a decline of 88% from the average session volume of 2,018 shares. The stock had previously closed at $24.55.

Analyst Ratings Changes

HCXLF has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Hiscox in a report on Friday, May 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Hiscox in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Hiscox Trading Down 7.0%

The stock’s fifty day simple moving average is $22.09 and its 200-day simple moving average is $19.87.

Hiscox Company Profile

Hiscox Ltd is an internationally focused specialist insurer that provides a broad range of property and casualty insurance products to both personal and commercial clients. Through its retail division, the company offers high-net-worth home and art insurance, professional indemnity, cyber liability, and small business solutions. Hiscox also operates a Lloyd’s syndicate to underwrite specialty lines such as kidnap and ransom, marine, and political risk, and maintains a reinsurance and ILS (insurance-linked securities) business based in Bermuda.

The company’s product suite for private clients includes tailored coverage for fine art, collectibles, home contents, and motor vehicles, while its commercial arm serves niche sectors such as technology, media, healthcare, and financial institutions.