Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $25.43 Consensus PT from Brokerages

Hamilton Insurance Group, Ltd. (NYSE:HG) has been assigned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.4286.

A number of equities analysts have issued reports on HG shares. Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Citigroup started coverage on shares of Hamilton Insurance Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $25.00 price target for the company. JMP Securities lifted their price target on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Finally, Barclays increased their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, July 7th.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $24.13 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 6.66 and a beta of 0.81. The firm’s 50 day simple moving average is $22.63 and its 200 day simple moving average is $21.11. Hamilton Insurance Group has a 1 year low of $16.80 and a 1 year high of $24.67.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.54. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. The business had revenue of $712.03 million during the quarter, compared to analysts’ expectations of $519.50 million. As a group, research analysts expect that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.00, for a total transaction of $455,712.00. Following the sale, the insider owned 64,512 shares of the company’s stock, valued at approximately $1,548,288. This represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander James Baker sold 6,000 shares of Hamilton Insurance Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total value of $142,740.00. Following the completion of the transaction, the insider directly owned 116,338 shares of the company’s stock, valued at approximately $2,767,681.02. This trade represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,988 shares of company stock valued at $1,743,842. 17.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

Several institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank increased its position in Hamilton Insurance Group by 92.2% in the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock valued at $30,000 after buying an additional 685 shares in the last quarter. Arizona State Retirement System bought a new stake in shares of Hamilton Insurance Group during the first quarter valued at approximately $267,000. Victory Capital Management Inc. raised its position in shares of Hamilton Insurance Group by 279.5% during the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock worth $9,766,000 after purchasing an additional 346,998 shares during the period. Swiss National Bank lifted its holdings in shares of Hamilton Insurance Group by 60.4% in the 1st quarter. Swiss National Bank now owns 87,100 shares of the company’s stock worth $1,806,000 after purchasing an additional 32,800 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Hamilton Insurance Group by 18.8% in the 4th quarter. Bank of America Corp DE now owns 212,586 shares of the company’s stock valued at $4,046,000 after purchasing an additional 33,613 shares during the period. 29.17% of the stock is owned by institutional investors and hedge funds.

About Hamilton Insurance Group

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.