Hamilton Insurance Group, Ltd. (NYSE:HG) Receives Consensus Recommendation of “Buy” from Brokerages

Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.00.

Several research analysts have recently weighed in on HG shares. Morgan Stanley lowered their price objective on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.00 target price (up from $20.00) on shares of Hamilton Insurance Group in a research note on Thursday, May 16th. Finally, JMP Securities increased their price target on Hamilton Insurance Group from $22.00 to $23.00 and gave the company a “market outperform” rating in a research note on Thursday, May 9th.

Read Our Latest Stock Analysis on Hamilton Insurance Group

Insider Activity at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 22,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $16.70, for a total transaction of $367,400.00. Following the transaction, the chief accounting officer now directly owns 18,957 shares of the company’s stock, valued at $316,581.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Hamilton Insurance Group news, CAO Brian John Deegan sold 22,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total transaction of $367,400.00. Following the transaction, the chief accounting officer now owns 18,957 shares in the company, valued at approximately $316,581.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan Neil Patterson bought 21,135 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were bought at an average price of $16.66 per share, with a total value of $352,109.10. Following the completion of the transaction, the director now owns 21,135 shares in the company, valued at approximately $352,109.10. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

Large investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $25,000. American International Group Inc. bought a new stake in Hamilton Insurance Group during the first quarter worth $115,000. Fifth Lane Capital LP acquired a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at $151,000. Oxford Asset Management LLP bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at $199,000. Finally, California State Teachers Retirement System acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth $233,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

Shares of HG opened at $15.88 on Wednesday. Hamilton Insurance Group has a 52-week low of $12.44 and a 52-week high of $17.76. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.76 billion and a price-to-earnings ratio of 4.83. The business’s 50 day moving average is $16.00 and its two-hundred day moving average is $14.91.

Hamilton Insurance Group (NYSE:HGGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.30. The business had revenue of $658.65 million for the quarter, compared to analyst estimates of $464.96 million. Hamilton Insurance Group had a return on equity of 18.53% and a net margin of 19.11%. Analysts forecast that Hamilton Insurance Group will post 3.43 EPS for the current fiscal year.

Hamilton Insurance Group Company Profile

(Get Free Report

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.

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Analyst Recommendations for Hamilton Insurance Group (NYSE:HG)

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