Berenberg Bank Confirms Buy Rating for Hiscox (HCXLF)
Analyst Recommendation: Berenberg Bank has reiterated a Buy recommendation for Hiscox, with an average one-year price target of $16.15/share, indicating a potential upside of 15.80% from its current price of $13.95/share.
Projected Revenue and EPS: Hiscox is projected to achieve an annual revenue of $5,413 million, reflecting a 37.85% increase, with a non-GAAP EPS forecast of 1.62.
Fund Sentiment: There are currently 175 funds reporting positions in Hiscox, with a slight increase in ownership over the last quarter, although total shares owned by institutions have decreased by 4.36%.
Shareholder Activity: Various funds have adjusted their holdings in Hiscox, with some increasing their portfolio allocations while others, like John Hancock Disciplined Value International Fund, have significantly reduced their shares.
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