Hiscox shares rise; Berenberg re-initiates coverage with 'buy'
ReutersMay 30, 2025 8:02 AM
British insurer Hiscox Ltd HSX.L up 2.1% at 1,279p
Stock among top pct gainers on FTSE 100 index .FTSE, which is up 0.63%
Berenberg re-initiates coverage on HSX with "buy" rating and PT 1,450p
Hiscox sets target to accelerate retail premium growth to double digits by 2028 at its maiden capital markets day
Retail segment includes smaller-ticket, lower-volatility business
"Acceleration of retail business growth means it will gradually become a bigger part of the overall group," says Berenberg
Brokerage says co's planned $200 mln cost savings encourage profitability
As of last close, stock up nearly 15.7% YTD
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