Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hiscox ( (GB:HSX) ) just unveiled an announcement.
Hiscox Ltd has announced its decision to exercise the call option to redeem all outstanding GBP275,000,000 Fixed to Floating Rate Callable Subordinated Notes due 2045 on the First Call Date, 24 November 2025. This move will lead to the full redemption, cancellation, and de-listing of the Notes from the London Stock Exchange, potentially impacting the company’s financial strategy and market positioning.
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 is a global specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. The company aims to be a respected specialist insurer with a diverse portfolio by product and geography, balancing catastrophe-exposed business with less volatile local specialty business. Hiscox employs over 3,000 people in 14 countries and offers a range of specialist insurance products in commercial and personal lines through its retail businesses in the USA, UK, Europe, and Asia. Internationally-traded business and reinsurance are handled through Hiscox London Market and Hiscox Re & ILS.
YTD Price Performance: 31.43%
Average Trading Volume: 1,318,220
Technical Sentiment Signal: Buy
Current Market Cap: £4.61B
Find detailed analytics on HSX stock on TipRanks’ Stock Analysis page.