Hiscox Limited (DI) (HSX)

Sector:

Insurance

Index:

FTSE 250

1,150.00p
   
  • Change Today:
      17.00p
  • 52 Week High: 1,193.00
  • 52 Week Low: 938.00
  • Currency: UK Pounds
  • Shares Issued: 347.77m
  • Volume: 1,364,660
  • Market Cap: £3,999.32m
  • RiskGrade: 130

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 1,150.00p
Change Today 17.00p
% Change 1.50 %
52 Week High 1,193.00
52 Week Low 938.00
Volume 1,364,660
Shares Issued 347.77m
Market Cap £3,999.32m
RiskGrade 130

HSX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.36% below the market average10.36% below the market average10.36% below the market average10.36% below the market average10.36% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
79.08% above the market average79.08% above the market average79.08% above the market average79.08% above the market average79.08% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
72.66% below the market average72.66% below the market average72.66% below the market average72.66% below the market average72.66% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Growth
59.6% below the market average59.6% below the market average59.6% below the market average59.6% below the market average59.6% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average

What The Brokers Say

Strong Buy 2
Buy 5
Neutral 8
Sell 1
Strong Sell 0
Total 16
buy
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HSX Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Aug-23 04-May-23
Paid 26-Sep-23 13-Jun-23
Amount 12.50¢ 24.00¢

Trades for 01-Mar-2024

Time Volume / Share Price
16:40 78,688 @ 1,150.04p
16:35 244,283 @ 1,150.00p
16:35 2 @ 1,150.00p
16:35 5,320 @ 1,150.00p
16:35 259 @ 1,150.00p

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