Hiscox (LON:HSX) Earns Neutral Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Hiscox (LON:HSX) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.

Several other research firms also recently commented on HSX. HSBC dropped their price objective on shares of Hiscox from GBX 1,571 ($20.53) to GBX 1,490 ($19.47) and set a hold rating on the stock in a report on Wednesday, May 15th. Morgan Stanley assumed coverage on shares of Hiscox in a report on Friday, May 17th. They issued an equal weight rating and a GBX 1,619 ($21.16) price objective on the stock. Jefferies Financial Group dropped their price objective on shares of Hiscox from GBX 1,638 ($21.40) to GBX 1,585 ($20.71) and set a hold rating on the stock in a report on Tuesday, May 14th. Royal Bank of Canada upped their price objective on shares of Hiscox from GBX 1,675 ($21.89) to GBX 1,700 ($22.21) and gave the company a sector performer rating in a report on Tuesday, June 11th. Finally, Berenberg Bank reaffirmed a hold rating and issued a GBX 1,581 ($20.66) price objective on shares of Hiscox in a report on Tuesday, June 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Hiscox presently has an average rating of Hold and an average target price of GBX 1,569.73 ($20.51).

HSX stock opened at GBX 1,655 ($21.63) on Monday. The company has a fifty day simple moving average of GBX 1,725.71. The stock has a market cap of $4.70 billion and a P/E ratio of 38.13. The company has a debt-to-equity ratio of 30.74, a current ratio of 0.44 and a quick ratio of 0.10. Hiscox has a 12 month low of GBX 1,411 ($18.44) and a 12 month high of GBX 1,795 ($23.45).

The company also recently declared a dividend, which will be paid on Wednesday, September 11th. Investors of record on Thursday, August 8th will be issued a dividend of $0.14 per share. This represents a yield of 0.63%. The ex-dividend date of this dividend is Thursday, August 8th. Hiscox’s dividend payout ratio (DPR) is presently 0.78%.

Hiscox Company Profile

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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Analyst Recommendations for Hiscox (LON:HSX)

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