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Hiscox ( (GB:HSX) ) has issued an announcement.
Hiscox Ltd has executed a share buyback program, purchasing 150,000 of its own ordinary shares at prices ranging from 1,347.00 GBp to 1,358.00 GBp, with a volume-weighted average price of 1,353.17 GBp. This move is part of a previously announced buyback initiative, and the purchased shares will be cancelled, potentially enhancing shareholder value by reducing the number of shares outstanding.
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 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 provides a range of insurance products, including property, casualty, and specialty insurance. The company focuses on serving both individual and business clients, with a strong emphasis on niche markets and tailored insurance solutions.
Average Trading Volume: 1,300,785
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.48B
Learn more about HSX stock on TipRanks’ Stock Analysis page.