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

Hiscox Ltd (OTCMKTS:HCXLF) shares were down 7% during trading on Thursday . The stock traded as low as $22.82 and last traded at $22.82. 247 shares traded hands during 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

A number of equities research analysts have issued reports on HCXLF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Hiscox in a research report on Friday, May 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Hiscox in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hiscox currently has a consensus rating of “Buy”.

Hiscox Price Performance

The business has a fifty day moving average price of $22.09 and a 200 day moving average price of $19.87.

About Hiscox

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.