JP Morgan Cazenove Maintains Overweight Rating on Hiscox (HCXLF)
Analyst Recommendation: JP Morgan Cazenove has reiterated an Overweight recommendation for Hiscox, projecting a 15.80% upside with an average one-year price target of $16.15/share.
Revenue and EPS Projections: Hiscox's projected annual revenue is $5,413 million, reflecting a 37.85% increase, with a projected non-GAAP EPS of 1.62.
Fund Sentiment: There are 175 funds reporting positions in Hiscox, with a slight increase in ownership, although total shares owned by institutions decreased by 4.36% in the last three months.
Shareholder Activity: Various funds have adjusted their holdings in Hiscox, with some increasing their portfolio allocation while others, like John Hancock Disciplined Value International Fund, significantly decreased their shares.
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