Hiscox Ltd (LON:HSX) Insider Paul Cooper Sells 41,317 Shares

Hiscox Ltd (LON:HSX – Get Rating) insider Paul Cooper sold 41,317 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of GBX 1,090 ($13.54), for a total transaction of £450,355.30 ($559,308.62).

Hiscox Stock Up 0.5 %

HSX stock opened at GBX 1,118 ($13.88) on Thursday. Hiscox Ltd has a 52 week low of GBX 789.20 ($9.80) and a 52 week high of GBX 1,152.50 ($14.31). The company has a market capitalization of £3.87 billion, a price-to-earnings ratio of 11,180.00, a price-to-earnings-growth ratio of -2.30 and a beta of 0.58. The firm’s 50-day moving average is GBX 1,109.99 and its two-hundred day moving average is GBX 1,034.32. The company has a current ratio of 1.05, a quick ratio of 0.10 and a debt-to-equity ratio of 29.62.

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Hiscox Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Thursday, May 4th will be given a dividend of $0.24 per share. This represents a dividend yield of 1.88%. This is an increase from Hiscox’s previous dividend of $0.12. The ex-dividend date of this dividend is Thursday, May 4th. Hiscox’s payout ratio is 30,000.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HSX shares. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 1,352 ($16.79) price target on shares of Hiscox in a report on Tuesday, March 28th. Berenberg Bank lifted their price target on shares of Hiscox from GBX 1,015 ($12.61) to GBX 1,285 ($15.96) and gave the company a “hold” rating in a report on Wednesday, March 8th. HSBC lowered shares of Hiscox to a “hold” rating and set a GBX 1,250 ($15.52) price target for the company. in a report on Thursday, February 9th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,200 ($14.90) target price on shares of Hiscox in a research note on Thursday, March 9th. Finally, Peel Hunt reissued an “add” rating and set a GBX 1,220 ($15.15) target price on shares of Hiscox in a research note on Wednesday, March 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 1,212.86 ($15.06).

Hiscox Company Profile

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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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