Typically, each quarter there’s a reshuffle in the FTSE 250 and the FTSE 100. It’s something like the football leagues, in that some stocks get promoted for good performance from the FTSE 250 to the FTSE 100. Others get relegated. In the most recent review, Hiscox (LSE:HSX) received the call up to the main index. What happens now? Here’s what I think.
The journey back to the top
To be clear, this isn’t the first time Hiscox has been large enough to move out of the FTSE 250. Over the years, it has fluctuated between the two indexes. It fell out of the FTSE 100 back in 2020 when the pandemic hit. Fast forward to 2024 and the share price rally of 12% has pushed the market cap up to £3.57bn. This is enough to get it back to the big league.
Before I can fully explain where I think the stock goes from here, it’s important for me to understand how it has traded in the recent past.
The pandemic wasn’t a…
