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Hiscox Executes Share Buyback Programme

Story Highlights
  • Hiscox Ltd is a global specialist insurer offering tailored insurance solutions.
  • Hiscox bought back 25,000 shares, enhancing shareholder value by reducing shares outstanding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hiscox Executes Share Buyback Programme

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The latest announcement is out from Hiscox ( (GB:HSX) ).

Hiscox Ltd has executed a share buyback, purchasing 25,000 ordinary shares at a volume-weighted average price of 1,268 GBp per share. This transaction is part of a previously announced buyback programme, and the acquired shares will be cancelled, potentially enhancing shareholder value by reducing the number of shares outstanding.

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 is driven by strong earnings call performance and strategic corporate actions such as share buybacks. While the valuation remains attractive, cash flow concerns and moderate technical indicators suggest a balanced risk-reward profile.

To see Spark’s full report on GB:HSX stock, click here.

More about Hiscox

Hiscox Ltd is a global specialist insurer, providing a range of insurance products and services to businesses and individuals. The company focuses on niche markets, offering tailored insurance solutions to meet specific customer needs.

YTD Price Performance: 20.14%

Average Trading Volume: 1,377,475

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.3B

Learn more about HSX stock on TipRanks’ Stock Analysis page.

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