Hiscox Ltd Declares Dividend of $0.14 (LON:HSX)

Hiscox Ltd (LON:HSX) announced a dividend on Monday, July 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 8th will be given a dividend of $0.14 per share on Wednesday, September 11th. This represents a yield of 0.63%. The ex-dividend date is Thursday, August 8th. The official announcement can be seen at this link.

Shares of Hiscox stock traded up GBX 20 ($0.26) on Wednesday, reaching GBX 1,603 ($20.95). 514,013 shares of the company were exchanged, compared to its average volume of 721,158. Hiscox has a one year low of GBX 1,411 ($18.44) and a one year high of GBX 1,795 ($23.45). The company has a market capitalization of $4.62 billion and a price-to-earnings ratio of 36.94. The company has a current ratio of 0.44, a quick ratio of 0.10 and a debt-to-equity ratio of 30.74. The company has a 50-day moving average of GBX 1,683.51 and a 200 day moving average of GBX 1,632.98.

In related news, insider Richard Watson sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of GBX 1,585 ($20.71), for a total value of £158,500 ($207,108.32). Also, insider Bronek E. Masojada sold 37,500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of GBX 1,575 ($20.58), for a total value of £590,625 ($771,756.17).

HSX has been the topic of a number of analyst reports. UBS Group reiterated a “neutral” rating on shares of Hiscox in a research note on Monday, July 29th. Royal Bank of Canada upped their price objective on Hiscox from GBX 1,675 ($21.89) to GBX 1,700 ($22.21) and gave the stock a “sector performer” rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. dropped their price target on Hiscox from GBX 1,715 ($22.41) to GBX 1,675 ($21.89) and set an “overweight” rating on the stock in a research note on Monday, July 15th. Berenberg Bank restated a “hold” rating and issued a GBX 1,581 ($20.66) price target on shares of Hiscox in a research note on Tuesday, June 11th. Finally, Barclays increased their price target on Hiscox from GBX 1,390 ($18.16) to GBX 1,506 ($19.68) and gave the company an “underweight” rating in a research note on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Hiscox presently has a consensus rating of “Hold” and an average price target of GBX 1,569.73 ($20.51).

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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Dividend History for Hiscox (LON:HSX)

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