Hamilton Insurance Group (NYSE:HG) Shares Gap Down – What’s Next?

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) gapped down prior to trading on Friday . The stock had previously closed at $30.54, but opened at $27.89. Hamilton Insurance Group shares last traded at $28.0360, with a volume of 130,226 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley set a $28.00 price target on Hamilton Insurance Group in a research report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Citizens Jmp lifted their price objective on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, February 20th. BMO Capital Markets reiterated a “market perform” rating and issued a $26.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Finally, Wall Street Zen cut shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Hamilton Insurance Group Stock Performance

The company has a fifty day moving average price of $28.68 and a two-hundred day moving average price of $26.51. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 5.15 and a beta of 0.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Thursday, February 19th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. As a group, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 6th will be issued a $2.00 dividend. The ex-dividend date is Friday, March 6th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Hamilton Insurance Group by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock valued at $131,378,000 after acquiring an additional 737,084 shares during the last quarter. Donald Smith & CO. Inc. acquired a new position in shares of Hamilton Insurance Group in the 2nd quarter worth $14,272,000. Freestone Grove Partners LP acquired a new stake in shares of Hamilton Insurance Group during the fourth quarter worth $16,667,000. Millennium Management LLC lifted its holdings in shares of Hamilton Insurance Group by 89.8% during the fourth quarter. Millennium Management LLC now owns 881,667 shares of the company’s stock valued at $24,599,000 after purchasing an additional 417,261 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Hamilton Insurance Group by 101.9% during the third quarter. Dimensional Fund Advisors LP now owns 705,277 shares of the company’s stock valued at $17,490,000 after purchasing an additional 355,947 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Company Profile

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.