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Hiscox ( (GB:HSX) ) has issued an announcement.
Hiscox Ltd has announced the purchase of 120,000 of its own ordinary shares as part of its ongoing share buyback programme. The shares were acquired at a volume-weighted average price of 1,294.88 GBp and will be cancelled, which is expected to enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £1421.00 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. Financial performance is stable but challenged by cash flow issues. Technical indicators suggest caution, but the company’s strategic initiatives and shareholder returns provide a positive outlook.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a prominent company in the insurance industry, providing a range of insurance products and services. The company is known for its focus on niche markets, offering specialized insurance solutions tailored to the needs of specific sectors and clients.
Average Trading Volume: 1,301,720
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.33B
See more insights into HSX stock on TipRanks’ Stock Analysis page.