Insider Selling: Hiscox Ltd (LON:HSX) Insider Sells 10,000 Shares of Stock

Hiscox Ltd (LON:HSX) insider Richard Watson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32).

Richard Watson also recently made the following trade(s):

  • On Tuesday, August 6th, Richard Watson sold 10,000 shares of Hiscox stock. The shares were sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32).

Hiscox stock traded up GBX 36 ($0.47) during mid-day trading on Friday, hitting GBX 1,652 ($21.59). 429,594 shares of the company’s stock traded hands, compared to its average volume of 721,158. The firm has a 50 day moving average price of GBX 1,626.90 and a 200 day moving average price of GBX 1,638.67. The company has a quick ratio of 0.10, a current ratio of 0.44 and a debt-to-equity ratio of 30.74. The company has a market cap of $4.73 billion and a PE ratio of 38.06. Hiscox Ltd has a one year low of GBX 1,411 ($18.44) and a one year high of GBX 1,795 ($23.45).

The firm also recently announced a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.14 per share. This represents a yield of 0.63%. The ex-dividend date was Thursday, August 8th. Hiscox’s payout ratio is currently 0.78%.

A number of research analysts recently issued reports on HSX shares. Morgan Stanley started coverage on Hiscox in a research report on Friday, May 17th. They set an “equal weight” rating and a GBX 1,619 ($21.16) price objective for the company. Barclays boosted their price objective on Hiscox from GBX 1,514 ($19.78) to GBX 1,556 ($20.33) and gave the company an “underweight” rating in a research report on Tuesday, September 3rd. Peel Hunt restated a “reduce” rating on shares of Hiscox in a research report on Tuesday. Royal Bank of Canada boosted their price objective on Hiscox from GBX 1,675 ($21.89) to GBX 1,700 ($22.21) and gave the company a “sector performer” rating in a research report on Tuesday, June 11th. Finally, Berenberg Bank reduced their price objective on Hiscox from GBX 1,581 ($20.66) to GBX 1,487 ($19.43) and set a “hold” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Hiscox has a consensus rating of “Hold” and a consensus target price of GBX 1,565.73 ($20.46).

About Hiscox

Hiscox Ltd, together with its subsidiaries, provides insurance and reinsurance services. 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, including household, fine art and collectibles, and luxury motor via brokers, through a growing network of partnerships, and directly to consumers.

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Insider Buying and Selling by Quarter for Hiscox (LON:HSX)

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