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An announcement from Hiscox ( (GB:HSX) ) is now available.
Hiscox Ltd has announced the purchase of 90,000 of its own ordinary shares as part of its ongoing share buyback program, which was initially announced in February 2025. The shares were acquired through Peel Hunt LLP at a volume-weighted average price of 1,324.07 GBp and will be subsequently cancelled. This move is part of Hiscox’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and improving return on equity. The buyback reflects the company’s confidence in its financial position and future prospects, and it may positively impact its stock performance and investor sentiment.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £1516.00 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, indicating potential undervaluation. Technical analysis supports a stable outlook, while financial performance highlights areas for improvement, particularly in cash flow management. The positive sentiment from the earnings call and strategic initiatives further enhance the stock’s appeal.
To see Spark’s full report on GB:HSX stock, click here.
More about Hiscox
Hiscox Ltd is a leading insurance company that specializes in providing a range of insurance products and services, including property, casualty, and specialty insurance. The company focuses on serving both individual and commercial clients, with a strong presence in the UK, Europe, and the US markets.
Average Trading Volume: 1,351,021
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.44B
See more insights into HSX stock on TipRanks’ Stock Analysis page.