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Hiscox ( (GB:HSX) ) has issued an announcement.
Hiscox Ltd has executed a share buyback program, purchasing 169,810 of its own ordinary shares at prices ranging from 1,307.00 GBp to 1,325.00 GBp, with a volume-weighted average price of 1,319.76 GBp. The repurchased shares will be canceled, which is expected to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and signaling confidence in the company’s financial health.
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 insurance company that primarily offers a range of insurance products and services, focusing on niche areas such as property, casualty, and specialty insurance. The company operates in various markets, providing tailored insurance solutions to both individuals and businesses.
Average Trading Volume: 1,257,586
Technical Sentiment Signal: Buy
Current Market Cap: £4.32B
For an in-depth examination of HSX stock, go to TipRanks’ Overview page.