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Hiscox ( (GB:HSX) ) has shared an update.
Hiscox Ltd has announced the current estimates for its Syndicate 33 and Syndicate 6104 for the 2023 and 2024 accounts. The estimates show slight adjustments in expected returns as a percentage of capacity, with Syndicate 33’s 2023 estimates ranging from 11.3% to 21.3% and Syndicate 6104’s 2023 estimates from 29.7% to 39.7%. These updates reflect Hiscox’s ongoing strategy to manage its diverse insurance portfolio and maintain profitable growth, impacting stakeholders by potentially altering expected returns.
The most recent analyst rating on (GB:HSX) stock is a Hold with a £13.30 price target. To see the full list of analyst forecasts on Hiscox stock, see the GB:HSX Stock Forecast page.
Spark’s Take on GB:HSX Stock
According to Spark, TipRanks’ AI Analyst, GB:HSX is a Outperform.
Hiscox demonstrates strong financial positioning with stable revenue growth and strategic initiatives. The attractive valuation and positive earnings call insights enhance its investment appeal. However, challenges in cash flow and profit margins, coupled with a neutral technical analysis, suggest a balanced outlook. Shareholder-friendly actions through buybacks support a moderately strong overall stock score.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a global specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. The company aims to be a respected specialist insurer with a diverse portfolio by product and geography, balancing catastrophe-exposed business with less volatile local specialty business. Hiscox operates in 13 countries, offering specialist insurance for professionals, business customers, and homeowners, and underwrites international and reinsurance business through Hiscox London Market and Hiscox Re & ILS.
Average Trading Volume: 1,204,507
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.88B
See more data about HSX stock on TipRanks’ Stock Analysis page.
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