Hiscox (LON:HSX) Share Price Crosses Above Two Hundred Day Moving Average of $1,064.85

Hiscox Ltd (LON:HSX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Ratings Changes

Several research firms have recently weighed in on HSX. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hiscox in a research report on Tuesday, April 9th. Berenberg Bank boosted their target price on Hiscox from GBX 1,230 ($15.31) to GBX 1,270 ($15.81) and gave the company a “hold” rating in a research report on Tuesday, March 5th.

Hiscox Trading Up 1.9 %

The stock has a fifty day moving average of GBX 1,160.76 and a 200-day moving average of GBX 1,065.44. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.10 and a current ratio of 15.15. The company has a market cap of £4.04 billion, a PE ratio of 732.50, a PEG ratio of -2.30 and a beta of 0.68.

Hiscox Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 12th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 1.76%. This is a boost from Hiscox’s previous dividend of $0.13. Hiscox’s payout ratio is presently 1,875.00%.

Insider Activity at Hiscox

In other Hiscox news, insider Paul Cooper acquired 1,144 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of GBX 1,232 ($15.34) per share, for a total transaction of £14,094.08 ($17,545.23). 0.49% of the stock is owned by company insiders.

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.