Hiscox (LON:HSX) Stock Crosses Above 200-Day Moving Average of $1,101.23

Shares of Hiscox Ltd (LON:HSX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,101.23 ($14.00) and traded as high as GBX 1,195 ($15.19). Hiscox shares last traded at GBX 1,161 ($14.76), with a volume of 525,312 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on HSX shares. Berenberg Bank boosted their target price on Hiscox from GBX 1,230 ($15.63) to GBX 1,270 ($16.14) and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 1,275 ($16.20) price objective on shares of Hiscox in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hiscox in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Hiscox has a consensus rating of “Hold” and a consensus price target of GBX 1,215 ($15.44).

Hiscox Trading Up 0.2 %

The stock has a fifty day moving average of GBX 1,192.98 and a two-hundred day moving average of GBX 1,103.07. The company has a market capitalization of £4.02 billion, a PE ratio of 723.60, a PEG 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 firm also recently declared 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 an increase from Hiscox’s previous dividend of $0.13. This represents a dividend yield of 1.76%. Hiscox’s dividend payout ratio (DPR) is 1,863.35%.

Insider Transactions at Hiscox

In other Hiscox news, insider Paul Cooper bought 1,144 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of GBX 1,232 ($15.66) per share, for a total transaction of £14,094.08 ($17,913.17). Company insiders own 5.68% 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.