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Hiscox ( (GB:HSX) ) has provided an announcement.
Hiscox Ltd announced the purchase of 67,234 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired through Peel Hunt LLP at prices ranging from 1,305.00 GBp to 1,321.00 GBp, with a volume-weighted average price of 1,313.63 GBp. This move is part of Hiscox’s strategy to enhance shareholder value by reducing the number of shares in circulation, 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 £1421.00 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 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 diverse range of insurance products and services to businesses and individuals. The company is known for its focus on niche markets, offering tailored insurance solutions to meet specific customer needs.
YTD Price Performance: 24.89%
Average Trading Volume: 1,379,292
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.39B
Find detailed analytics on HSX stock on TipRanks’ Stock Analysis page.