Hiscox Ltd Seeks Listing for New Ordinary Shares

An update from Hiscox ( (GB:HSX) ) is now available.

Hiscox Ltd has announced its application to have 146,706 Ordinary Shares admitted to the Official List of the Financial Conduct Authority and the London Stock Exchange. These shares are part of the company’s Scrip Dividend Alternative related to the final dividend and are expected to be listed on June 9, 2025. This move is likely to enhance the company’s financial flexibility and provide shareholders with additional options for dividend reinvestment, potentially strengthening Hiscox’s market position.

The most recent analyst rating on (GB:HSX) stock is a Hold with a £14.30 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 overall stock score reflects strong earnings performance and undervaluation, supported by positive corporate actions such as share buybacks. However, caution is advised due to potential cash flow issues and overbought technical indicators.

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 is known for its focus on niche markets, offering specialized insurance solutions tailored to the needs of specific sectors.

Average Trading Volume: 1,247,425

Technical Sentiment Signal: Strong Buy

Current Market Cap: £4.41B

See more data about HSX stock on TipRanks’ Stock Analysis page.