Shore Capital reiterated their buy rating on shares of Hiscox Ltd (LON:HSX) in a research report report published on Monday.

A number of other research firms have also recently weighed in on HSX. Credit Suisse Group cut Hiscox to a neutral rating and raised their price target for the company from GBX 1,180 ($15.65) to GBX 1,305 ($17.31) in a research note on Tuesday, July 18th. Peel Hunt lifted their target price on Hiscox from GBX 840 ($11.14) to GBX 980 ($13.00) and gave the stock a reduce rating in a research report on Tuesday, July 18th. Citigroup Inc. reiterated a neutral rating and set a GBX 1,330 ($17.64) target price on shares of Hiscox in a research report on Friday, July 14th. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 1,250 ($16.58) target price on shares of Hiscox in a research report on Thursday, July 20th. Finally, Morgan Stanley assumed coverage on Hiscox in a research report on Tuesday, July 25th. They set an equal weight rating and a GBX 1,380 ($18.30) target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 1,184.42 ($15.71).

Hiscox (HSX) opened at 1311.00 on Monday. Hiscox has a 12 month low of GBX 978.00 and a 12 month high of GBX 1,378.00. The firm’s market capitalization is GBX 3.71 billion. The company’s 50-day moving average price is GBX 1,266.58 and its 200 day moving average price is GBX 1,237.93.

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The business also recently declared a dividend, which was paid on Wednesday, September 13th. Investors of record on Thursday, August 10th were given a GBX 9.50 ($0.13) dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 10th.

In related news, insider Colin D. Keogh purchased 1,057 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were purchased at an average price of GBX 1,280 ($16.98) per share, for a total transaction of £13,529.60 ($17,946.15).

Hiscox Company Profile

Hiscox Limited is a Bermuda-based insurer company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. It operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re and Corporate Centre.

Analyst Recommendations for Hiscox (LON:HSX)

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