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Hiscox ( (GB:HSX) ) has shared an announcement.
Hiscox Ltd has executed a share buyback program, purchasing 30,000 of its own ordinary shares at prices ranging from 1,263.00 GBp to 1,266.00 GBp, with a volume-weighted average price of 1,265.00 GBp. The shares acquired through this program will be cancelled, which is expected to impact the company’s share capital structure positively by potentially increasing the value of remaining shares and demonstrating confidence in the company’s financial health.
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’s overall score reflects a strong earnings call and valuation, supported by stable financial performance and positive corporate events. Challenges in cash flow and some operational expenses are noted but are outweighed by strategic growth initiatives and a robust capital return strategy.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a global insurance company that specializes in providing a range of insurance products and services, including property, casualty, and specialty insurance. The company focuses on serving both individual and business clients, with a strong presence in the UK and international markets.
Average Trading Volume: 1,384,801
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.27B
See more insights into HSX stock on TipRanks’ Stock Analysis page.