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

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $29.8750.

HG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Barclays lifted their price target on shares of Hamilton Insurance Group from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. BMO Capital Markets reiterated a “market perform” rating and set a $26.00 price objective on shares of Hamilton Insurance Group in a research note on Tuesday, December 23rd. Citigroup reissued an “outperform” rating on shares of Hamilton Insurance Group in a research report on Wednesday, November 5th. Finally, Morgan Stanley set a $28.00 price target on shares of Hamilton Insurance Group in a research report on Tuesday, December 16th.

Insider Activity

In related news, CEO Alexander James Baker sold 18,350 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $26.19, for a total transaction of $480,586.50. Following the sale, the chief executive officer directly owned 84,136 shares of the company’s stock, valued at approximately $2,203,521.84. This represents a 17.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Hamilton Insurance Group by 16.2% in the third quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after purchasing an additional 737,084 shares during the period. American Century Companies Inc. raised its position in shares of Hamilton Insurance Group by 15.7% during the 2nd quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock worth $47,879,000 after buying an additional 301,334 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Hamilton Insurance Group by 1.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock worth $34,063,000 after buying an additional 15,615 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of Hamilton Insurance Group by 0.6% in the 2nd quarter. Private Management Group Inc. now owns 891,164 shares of the company’s stock worth $19,267,000 after acquiring an additional 5,168 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Hamilton Insurance Group by 32.0% in the third quarter. Lazard Asset Management LLC now owns 877,511 shares of the company’s stock valued at $21,762,000 after acquiring an additional 212,981 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Down 0.5%

Shares of HG stock opened at $29.54 on Tuesday. The firm has a market cap of $2.91 billion, a P/E ratio of 7.03 and a beta of 0.70. The firm’s 50-day simple moving average is $27.48 and its 200-day simple moving average is $25.41. Hamilton Insurance Group has a 1-year low of $16.80 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.66.

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.