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Hiscox ( (GB:HSX) ) just unveiled an update.
Hiscox Ltd has announced the purchase of 170,000 of its own ordinary shares as part of its share buyback program, with the highest price paid per share being 1,330 GBp and the lowest at 1,318 GBp. This move is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares, which can potentially increase earnings per share and improve market perception.
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 provides a range of insurance products and services, focusing on niche areas such as property, casualty, and specialty insurance. The company is known for its expertise in offering tailored insurance solutions to businesses and high-net-worth individuals, with a strong market presence in the UK, Europe, and the US.
Average Trading Volume: 1,119,739
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.35B
See more insights into HSX stock on TipRanks’ Stock Analysis page.