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An update from Hiscox ( (GB:HSX) ) is now available.
Hiscox Ltd has announced the purchase of 72,266 of its own ordinary shares as part of its share buyback program, which was initially announced in February 2025. The shares were bought at prices ranging from 1,312.00 GBp to 1,328.00 GBp and will be subsequently cancelled. This move is part of Hiscox’s ongoing efforts to manage its capital structure and return value to shareholders, potentially impacting the company’s stock performance and market perception.
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 strong valuation and positive earnings call sentiment are significant strengths. The company’s strategic initiatives and share buyback program further enhance shareholder value. However, challenges in cash flow and certain market segments slightly offset these positives.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a company operating in the insurance industry, providing a range of insurance products and services. The company focuses on offering specialized insurance solutions to businesses and individuals, catering to various market segments with tailored coverage options.
Average Trading Volume: 1,277,159
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.48B
See more insights into HSX stock on TipRanks’ Stock Analysis page.