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The latest announcement is out from Hiscox ( (GB:HSX) ).
Hiscox Ltd has announced the purchase of 160,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 1,366.00 GBp to 1,384.00 GBp, with a volume-weighted average price of 1,373.40 GBp. This move is part of Hiscox’s strategy to optimize its capital structure and enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and supporting the share price.
The most recent analyst rating on (GB:HSX) stock is a Buy with a £15.40 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 operates in various markets, offering tailored insurance solutions to businesses and individuals.
Average Trading Volume: 1,386,412
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.54B
For an in-depth examination of HSX stock, go to TipRanks’ Overview page.