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Hiscox ( (GB:HSX) ) just unveiled an update.
Hiscox Ltd has executed a share buyback program, purchasing 170,000 of its ordinary shares at prices ranging from 1,330.00 GBp to 1,346.00 GBp, with a volume-weighted average price of 1,340.72 GBp. This move is part of the company’s strategy to enhance shareholder value by reducing the number of shares outstanding, which may positively impact its share price and earnings per share.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £15.60 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 solid valuation metrics. Financial performance is stable but challenged by cash flow issues. Technical analysis indicates a neutral trend, with no strong momentum signals.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a global specialist insurer offering a range of insurance products and services, primarily focusing on niche areas of the insurance market. The company is known for its expertise in underwriting and providing tailored insurance solutions to businesses and high-net-worth individuals.
Average Trading Volume: 1,196,896
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.35B
See more data about HSX stock on TipRanks’ Stock Analysis page.