Hiscox Ltd (LON:HSX – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,073.27 ($13.26) and traded as high as GBX 1,218 ($15.04). Hiscox shares last traded at GBX 1,202 ($14.85), with a volume of 574,215 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have commented on HSX shares. Berenberg Bank increased their price objective on shares of Hiscox from GBX 1,230 ($15.19) to GBX 1,270 ($15.69) and gave the stock a “hold” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a research note on Tuesday, April 9th.
Read Our Latest Report on Hiscox
Hiscox Price Performance
Hiscox Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, June 12th. Investors of record on Thursday, May 2nd will be paid a dividend of $0.25 per share. This represents a dividend yield of 1.76%. This is an increase from Hiscox’s previous dividend of $0.13. The ex-dividend date is Thursday, May 2nd. Hiscox’s payout ratio is 1,875.00%.
Insider Activity at Hiscox
In other Hiscox news, insider Paul Cooper bought 1,144 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was bought at an average price of GBX 1,232 ($15.22) per share, for a total transaction of £14,094.08 ($17,408.70). 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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