Hiscox (OTCMKTS:HCXLF) Stock Price Down 5.6% – Here’s What Happened

Hiscox Ltd (OTCMKTS:HCXLF) fell 5.6% on Thursday . The stock traded as low as $17.00 and last traded at $17.00. 1,000 shares changed hands during trading, a decline of 66% from the average session volume of 2,975 shares. The stock had previously closed at $18.00.

Analysts Set New Price Targets

HCXLF has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded Hiscox from a “neutral” rating to a “buy” rating in a research note on Wednesday. Jefferies Financial Group raised shares of Hiscox to a “buy” rating in a report on Monday, June 2nd.

Hiscox Stock Performance

The company’s 50 day moving average is $16.57 and its 200 day moving average is $14.87.

Hiscox Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.299 per share. The ex-dividend date was Thursday, April 24th. Hiscox’s dividend payout ratio (DPR) is currently 12.25%.

Hiscox Company Profile

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.