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Hiscox ( (GB:HSX) ) just unveiled an update.
Hiscox Ltd has executed a share buyback transaction, purchasing 169,758 of its own ordinary shares at a volume-weighted average price of 1,331.92 GBp. This move, part of a previously announced buyback program, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
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 specialist insurer, providing a range of insurance products and services. The company focuses on niche areas of the insurance market, offering tailored solutions to businesses and individuals worldwide.
YTD Price Performance: 26.02%
Average Trading Volume: 1,119,739
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.35B
Find detailed analytics on HSX stock on TipRanks’ Stock Analysis page.