Hiscox Limited (DI) (HSX)

Sector:

Insurance

Index:

FTSE 250

1,175.00p
   
  • Change Today:
    -42.00p
  • 52 Week High: 1,277.85
  • 52 Week Low: 938.00
  • Currency: UK Pounds
  • Shares Issued: 345.44m
  • Volume: 1,332,544
  • Market Cap: £4,058.87m
  • RiskGrade: 130
  • Beta: 0.00

Hiscox sells Thailand, Singapore ops for undisclosed sum

By Frank Prenesti

Date: Wednesday 27 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Specialist insurer Hiscox said it had signed a deal to sell DirectAsia, its business operations in Singapore and Thailand to Ignite Thailand Holdings for an undisclosed sum.


DirectAsia was founded in Singapore in 2010 and launched into Thailand in 2013. Its primary business is motor, operating through a number of distribution channels. In 2022 it had gross written premiums of $52.5m.

Hiscox's decision to divest is part of the group's previously announced strategic review of the business to focus on key markets where it sees the greatest opportunities to maximise value for shareholders, the company said on Wednesday.

The transaction is expected to complete by the end of 2023.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSX Market Data

Currency UK Pounds
Share Price 1,175.00p
Change Today -42.00p
% Change -3.45 %
52 Week High 1,277.85
52 Week Low 938.00
Volume 1,332,544
Shares Issued 345.44m
Market Cap £4,058.87m
Beta 0.00
RiskGrade 130

HSX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.49% below the market average9.49% below the market average9.49% below the market average9.49% below the market average9.49% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
80.76% above the market average80.76% above the market average80.76% above the market average80.76% above the market average80.76% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average74.87% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Growth
58.92% below the market average58.92% below the market average58.92% below the market average58.92% below the market average58.92% below the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 8
Sell 1
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSX Dividends

  Latest Previous
  Final Interim
Ex-Div 02-May-24 17-Aug-23
Paid 12-Jun-24 26-Sep-23
Amount 25.00¢ 12.50¢

Trades for 02-May-2024

Time Volume / Share Price
16:35 360,838 @ 1,175.00p
16:35 6,297 @ 1,175.00p
16:35 1,336 @ 1,175.00p
16:35 1,228 @ 1,175.00p
16:35 606 @ 1,175.00p

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