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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.