Hiscox (LON:HSX) Reaches New 52-Week High at $1,251.00

Hiscox Ltd (LON:HSXGet Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,251 ($15.70) and last traded at GBX 1,249 ($15.68), with a volume of 17516 shares. The stock had previously closed at GBX 1,240 ($15.57).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on shares of Hiscox from GBX 1,230 ($15.44) to GBX 1,270 ($15.94) and gave the stock a “hold” rating in a research note on Tuesday, March 5th.

View Our Latest Research Report on Hiscox

Hiscox Price Performance

The company’s 50-day moving average price is GBX 1,130.28 and its two-hundred day moving average price is GBX 1,055.17. The company has a market cap of £4.22 billion, a P/E ratio of 762.50, a P/E/G ratio of -2.30 and a beta of 0.68. The company has a current ratio of 15.15, a quick ratio of 0.10 and a debt-to-equity ratio of 22.88.

Hiscox Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Thursday, May 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 1.76%. This is an increase from Hiscox’s previous dividend of $0.13. Hiscox’s payout ratio is presently 1,875.00%.

Insider Transactions at Hiscox

In related news, insider Paul Cooper bought 1,144 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of GBX 1,232 ($15.47) per share, with a total value of £14,094.08 ($17,692.79). Insiders own 0.49% of the company’s stock.

Hiscox Company Profile

(Get Free Report)

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, luxury motor, classic car, and partners and direct-to-consumer using both traditional and digital trading models.

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