Hiscox Ltd to Issue Dividend of GBX 9.50 (HSX)

Hiscox Ltd (LON:HSX) declared a dividend on Monday, July 31st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 10th will be paid a dividend of GBX 9.50 ($0.12) per share on Wednesday, September 13th. This represents a yield of 0.7%. The ex-dividend date is Thursday, August 10th. The official announcement can be seen at this link.

Shares of Hiscox (LON HSX) traded down 1.13% on Friday, reaching GBX 1307.00. The company’s stock had a trading volume of 251,522 shares. Hiscox has a one year low of GBX 978.00 and a one year high of GBX 1,378.00. The firm has a 50-day moving average price of GBX 1,330.89 and a 200 day moving average price of GBX 1,192.61. The firm’s market capitalization is GBX 3.69 billion.

HSX has been the topic of several research reports. Peel Hunt reissued a “reduce” rating and issued a GBX 840 ($10.90) target price on shares of Hiscox in a research report on Tuesday, May 9th. Shore Capital reaffirmed a “buy” rating on shares of Hiscox in a research report on Tuesday, May 9th. Canaccord Genuity increased their price target on Hiscox from GBX 980 ($12.72) to GBX 1,100 ($14.28) and gave the stock a “sell” rating in a research report on Thursday, May 11th. J P Morgan Chase & Co increased their price target on Hiscox from GBX 1,155 ($14.99) to GBX 1,250 ($16.23) and gave the stock an “overweight” rating in a research report on Wednesday, May 10th. 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 ($17.92) price target 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 stock. Hiscox has a consensus rating of “Hold” and an average target price of GBX 1,176.83 ($15.28).

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In other news, insider Bronek E. Masojada sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of GBX 1,236 ($16.05), for a total transaction of £618,000 ($802,284.82). Also, insider Colin D. Keogh bought 2,216 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average price of GBX 1,248 ($16.20) per share, for a total transaction of £27,655.68 ($35,902.48).

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.

Dividend History for Hiscox (LON:HSX)

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