Hiscox Ltd 9.6% potential upside indicated by Jefferies

Hiscox Ltd with ticker (LON:HSX) now has a potential upside of 9.6% according to Jefferies.



Jefferies set a target price of 1,100 GBX for the company, which when compared to the Hiscox Ltd share price of 1,004 GBX at opening today (22/11/2023) indicates a potential upside of 9.6%. Trading has ranged between 926 (52 week low) and 1,201 (52 week high) with an average of 707,355 shares exchanging hands daily. The market capitalisation at the time of writing is £3,498,959,520.

Hiscox Ltd is a Bermuda-based diversified international insurance company. The Company is a holding company for subsidiaries involved in the business of insurance and reinsurance in Bermuda, the United States, the United Kingdom, Guernsey, Europe and Asia. The Company’s segments include Hiscox Retail, Hiscox London Market, Hiscox Re & ILS and Corporate Centre. The Hiscox Retail segment includes results of the Company’s retail business divisions in the United Kingdom, Europe, United States and Asia. The Hiscox UK and Hiscox Europe divisions underwrite personal and commercial lines of business. The Hiscox USA division comprises commercial, property and specialty businesses. The Hiscox London Market consists of the internationally traded insurance business, including lines in property, marine and energy, casualty and other specialty insurance lines. The Hiscox Re & ILS segment is the reinsurance division of the Company, combining the underwriting platforms in Bermuda and London.