Hiscox Ltd Executes Share Buyback, Cancels 170,000 Shares
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Hiscox Ltd has executed a share buyback, purchasing 170,000 ordinary shares at an average price of 1,369.79 pence each, as part of its strategy to enhance shareholder value and optimize capital structure. The shares will be canceled. Current analyst ratings suggest a Sell with a price target of £1068.00, while TipRanks’ AI Analyst rates the stock as Outperform, noting stable financial performance but cash flow challenges. The company's market cap stands at £4.54B.
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