Hiscox (LON:HSX) Receives “Reduce” Rating from Peel Hunt

Peel Hunt restated their reduce rating on shares of Hiscox (LON:HSX) in a research report report published on Thursday, September 19th, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently issued reports on HSX. Royal Bank of Canada increased their price target on Hiscox from GBX 1,675 ($21.89) to GBX 1,700 ($22.21) and gave the stock a sector performer rating in a research report on Tuesday, June 11th. Barclays increased their price target on Hiscox from GBX 1,514 ($19.78) to GBX 1,556 ($20.33) and gave the stock an underweight rating in a research report on Tuesday, September 3rd. Jefferies Financial Group raised their target price on Hiscox from GBX 1,629 ($21.29) to GBX 1,666 ($21.77) and gave the company a hold rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their target price on Hiscox from GBX 1,800 ($23.52) to GBX 1,750 ($22.87) and set an overweight rating on the stock in a research report on Monday, September 16th. Finally, Shore Capital restated a hold rating on shares of Hiscox in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Hiscox has an average rating of Hold and an average target price of GBX 1,572.55 ($20.55).

Shares of HSX traded up GBX 8 ($0.10) during mid-day trading on Thursday, reaching GBX 1,604 ($20.96). The company had a trading volume of 1,082,094 shares, compared to its average volume of 721,158. The stock has a market capitalization of $4.63 billion and a P/E ratio of 36.96. The stock has a 50 day moving average of GBX 1,604.54 and a two-hundred day moving average of GBX 1,641.75. The company has a quick ratio of 0.10, a current ratio of 0.44 and a debt-to-equity ratio of 30.74. Hiscox has a 52-week low of GBX 1,411 ($18.44) and a 52-week high of GBX 1,795 ($23.45).

In related news, insider Bronek E. Masojada sold 37,500 shares of Hiscox stock in a transaction on Thursday, August 15th. The stock was sold at an average price of GBX 1,575 ($20.58), for a total value of £590,625 ($771,756.17). Also, insider Roberts S. Childs sold 400 shares of Hiscox stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of GBX 1,641 ($21.44), for a total value of £6,564 ($8,577.03). Insiders sold 87,900 shares of company stock valued at $140,948,900 over the last ninety days.

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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Analyst Recommendations for Hiscox (LON:HSX)

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