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Pin to quick picksHiscox Share News (HSX)

Share Price Information for Hiscox (HSX)

London Stock Exchange
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Share Price: 1,209.00
Bid: 1,210.00
Ask: 1,211.00
Change: 6.00 (0.50%)
Spread: 1.00 (0.083%)
Open: 1,207.00
High: 1,218.00
Low: 1,205.00
Prev. Close: 1,203.00
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Canaccord downgrades Lloyd's insurers Beazley, Hiscox and Lancashire

Mon, 08th Jul 2019 08:08

(Sharecast News) - Canaccord Genuity cut its stance on Hiscox, Beazley and Lancashire on Monday as it took a look at the UK insurance sector and said first-quarter commentary points to more challenges.The broker downgraded Hiscox to 'sell' from hold', keeping the price target at 1,580p. It cut Beazley to 'hold' from 'buy', keeping the 610p price target and downgraded Lancashire Holdings to 'hold' from 'buy' with an unchanged price target of 725pCanaccord maintained its 'buy' rating on Hastings, but reduced the price target to 225p from 235p and kept Sabre at 'hold' while trimming the price target to 305p from 310p. It kept Direct Line at 'sell' with a 280p price target."For the Lloyd's insurers (Beazley, Hiscox and Lancashire), there were positive comments about rating momentum (albeit not a hard market), much improved investment returns but some negatives re higher attritional loss activity and loss creep (especially around Typhoon Jebi), all of which will impact reserve releases," it said."For personal lines insurers (Direct Line, Hastings and Sabre), the continued pressure on pricing that means, for most, any rate rises achieved are not as yet keeping up with, let alone surpassing, current (high) claims inflation. This suggests the resultant turn in UK motor rates could well be pushed out to Q4 19/Q1 20."Canaccord said it expects Beazley and Hiscox to take a more cautious stance on both 2018-19 claims and reserve movements, especially on casualty/Typhoon Jebi, which will impact 2019."We see a similar theme at Lancashire, albeit without the prior year loss creep, plus it does not have large casualty exposures," it added.At 1100 BS, Beazley shares were down 0.8% at 562p, Hiscox was 0.6% lower at 1,758p and Lancashire was 0.3% lower at 701.50p.
More News
8 Mar 2023 09:24

TOP NEWS: Hiscox ups annal dividend despite profit fall; chair retires

(Alliance News) - Hiscox Ltd on Wednesday reported its highest underwriting profit since 2015 but a steep drop in annual profit, as its chair, Roberts Childs, announced his retirement.

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8 Mar 2023 09:01

LONDON MARKET OPEN: Stocks slide as higher US interest rates priced in

(Alliance News) - Stock prices in London opened in the red on Wednesday morning, after comments by US Federal Reserve Chair Jerome Powell put a larger 50-basis-point interest hike at the US central bank's next meeting in March firmly on the radar.

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8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

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1 Mar 2023 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 2 March 
Alfa Financial Software Holdings PLCFull Year Results
Apax Global Alpha LtdFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Cairn Homes PLCFull Year Results
Capita PLCFull Year Results
Capital & Regional PLCFull Year Results
Coats Group PLCFull Year Results
CRH PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Grafton Group PLCFull Year Results
Haleon PLCFull Year Results
Hunting PLCFull Year Results
ITV PLCFull Year Results
London Stock Exchange Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Metro Bank PLCFull Year Results
National Express Group PLCFull Year Results
Pantheon Infrastructure PLCFull Year Results
PPHE Hotel Group LtdFull Year Results
Schroder AsiaPacific Fund PLCFull Year Results
Schroders PLCFull Year Results
Spire Healthcare Group PLCFull Year Results
Taylor Wimpey PLCFull Year Results
Tritax Big Box REIT PLCFull Year Results
Tyman PLCFull Year Results
Vesuvius PLCFull Year Results
Friday 3 March 
Avation PLCHalf Year Results
Faron Pharmaceuticals LtdFull Year Results
IMI PLCFull Year Results
Pacific Horizon Investment Trust PLCHalf Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
Wednesday 8 March 
Admiral Group PLCFull Year Results
Bakkavor Group PLCFull Year Results
Breedon Group PLCFull Year Results
CLS Holdings PLCFull Year Results
Darktrace PLCHalf Year Results
Galliford Try Holdings PLCHalf Year Results
Headlam Group PLCFull Year Results
Hill & Smith PLCFull Year Results
Hiscox LtdFull Year Results
Ibstock PLCFull Year Results
IP Group PLCFull Year Results
Legal & General Group PLCFull Year Results
musicMagpie PLCFull Year Results
Netcall PLCHalf Year Results
Quilter PLCFull Year Results
Restaurant Group PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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14 Feb 2023 10:45

DWF wins reappointment to RSA Insurance defence panel

(Alliance News) - DWF Group PLC on Tuesday said it has been reappointed to RSA Insurance Group Ltd's defence legal panel, covering the insurer's motor, casualty, property and complex claims.

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9 Feb 2023 09:44

LONDON BROKER RATINGS: HSBC cuts Hiscox; Davy raises On The Beach

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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9 Feb 2023 07:55

LONDON BRIEFING: AstraZeneca swings to profit; Unilever volumes fall

(Alliance News) - Stocks in London were called to open higher on Thursday, as investors in Europe kept their cool, despite hawkish US central bankers and a weak finish on Wall Street.

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26 Jan 2023 10:43

JPMorgan says Lloyd's insurers 'on cusp of a golden era', upgrades Hiscox

(Sharecast News) - JPMorgan Cazenove upgraded Hiscox on Thursday as it took a look at Lloyd's insurers.

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26 Jan 2023 09:44

LONDON BROKER RATINGS: RBC cuts Ocado; Bernstein cuts easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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26 Jan 2023 08:02

LONDON BRIEFING: Diageo half-year revenue climbs; Jet2 optimistic

(Alliance News) - Stocks in London opened higher on Thursday, following positive news from China about the spread of Covid-19.

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19 Jan 2023 09:38

LONDON BROKER RATINGS: Goldman Sachs cuts Relx but raises WPP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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12 Jan 2023 09:40

LONDON BROKER RATINGS: UBS cuts Beazley; Berenberg likes Rio and BHP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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6 Dec 2022 10:26

LONDON BROKER RATINGS: JPMorgan cuts Lloyds but raises Barclays

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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28 Nov 2022 14:41

IN BRIEF: Hiscox CEO Aki Hussain buys GBP100,000 worth of shares

Hiscox Ltd - Hamilton, Bermuda-based insurer - Chief Executive Officer Aki Hussain buys 10,000 shares at GBP10.04 each on Friday, worth a total of GBP100,400. In August, Hussain bought 10,000 shares for a total of GBP86,100.

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