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Hiscox ( (GB:HSX) ) has shared an announcement.
Hiscox Ltd has announced the purchase of 58,446 of its own ordinary shares as part of its share buyback program, initially announced in February 2025. The shares were bought at prices ranging from 1,333.00 GBp to 1,349.00 GBp and will be cancelled, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £1482.00 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 stock score is driven by strong earnings call performance and attractive valuation, indicating potential undervaluation. Technical analysis supports a stable outlook, while financial performance highlights areas for improvement, particularly in cash flow management. The positive sentiment from the earnings call and strategic initiatives further enhance the stock’s appeal.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a prominent insurance company that specializes in providing a range of insurance products and services. The company focuses on niche areas within the insurance industry, offering tailored solutions for businesses and individuals, with a strong market presence in the UK and other regions.
Average Trading Volume: 1,358,063
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.49B
Find detailed analytics on HSX stock on TipRanks’ Stock Analysis page.