Hiscox Ltd (LON:HSX – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,064.85 ($13.26) and traded as high as GBX 1,190 ($14.81). Hiscox shares last traded at GBX 1,169 ($14.55), with a volume of 416,749 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on HSX shares. Berenberg Bank raised their price objective on shares of Hiscox from GBX 1,230 ($15.31) to GBX 1,270 ($15.81) and gave the company a “hold” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a research report on Tuesday, April 9th.
Check Out Our Latest Analysis on HSX
Hiscox Trading Up 1.9 %
Hiscox Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Hiscox’s previous dividend of $0.13. This represents a yield of 1.76%. Hiscox’s dividend payout ratio (DPR) is 1,875.00%.
Insider Transactions at Hiscox
In other Hiscox news, insider Paul Cooper bought 1,144 shares of the stock in a transaction dated Friday, March 22nd. The shares were bought at an average cost of GBX 1,232 ($15.34) per share, for a total transaction of £14,094.08 ($17,545.23). Company insiders own 0.49% of the company’s stock.
About Hiscox
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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