Hamilton Insurance Group, Ltd. (NYSE:HG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $29.8750.

Several brokerages recently commented on HG. JMP Securities set a $32.00 target price on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. BMO Capital Markets restated a “market perform” rating and issued a $26.00 price objective on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Barclays increased their target price on shares of Hamilton Insurance Group from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Morgan Stanley set a $28.00 price target on Hamilton Insurance Group in a report on Tuesday, December 16th. Finally, Wells Fargo & Company upped their price target on Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday.

Hamilton Insurance Group Trading Down 0.4%

NYSE HG opened at $26.35 on Friday. The firm has a market cap of $2.59 billion, a PE ratio of 6.27 and a beta of 0.69. Hamilton Insurance Group has a 1-year low of $16.80 and a 1-year high of $28.72. The stock has a 50-day moving average of $27.10 and a 200-day moving average of $24.58. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.61. The business had revenue of $667.65 million for the quarter, compared to analysts’ expectations of $537.70 million. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%. As a group, sell-side analysts forecast that Hamilton Insurance Group will post 4.1 EPS for the current year.

Insider Buying and Selling

In related news, CEO Alexander James Baker sold 18,350 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $26.19, for a total transaction of $480,586.50. Following the transaction, the chief executive officer owned 84,136 shares in the company, valued at $2,203,521.84. The trade was a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Chesapeake Asset Management LLC lifted its position in Hamilton Insurance Group by 487.8% in the 4th quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Hamilton Insurance Group by 1,404.4% in the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock worth $42,000 after purchasing an additional 1,587 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Hamilton Insurance Group during the third quarter valued at $71,000. CWM LLC boosted its position in shares of Hamilton Insurance Group by 167.7% during the second quarter. CWM LLC now owns 4,545 shares of the company’s stock valued at $98,000 after buying an additional 2,847 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Hamilton Insurance Group by 14.6% during the second quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after buying an additional 585 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

About Hamilton Insurance Group

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.