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Hiscox (LON:HSX – Get Free Report) announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 6th, RTT News reports. The company plans to repurchase $275.00 million in shares. This repurchase authorization permits the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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Stock Repurchase Program Authorized by Hiscox (LON:HSX) Board of Directors
