Hamilton Insurance Group (NYSE:HG) Downgraded to Hold Rating by Wall Street Zen

Hamilton Insurance Group (NYSE:HG) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on HG. BMO Capital Markets restated a “market perform” rating and set a $26.00 price target on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Citigroup upped their price target on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday. Citizens Jmp lifted their price objective on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, February 20th. Finally, Morgan Stanley set a $28.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hamilton Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Hamilton Insurance Group Stock Performance

HG opened at $31.58 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 5.67 and a beta of 0.70. The company has a fifty day moving average of $28.45 and a 200 day moving average of $26.24. Hamilton Insurance Group has a fifty-two week low of $16.80 and a fifty-two week high of $32.21.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.84%. As a group, sell-side analysts forecast that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Institutional Trading of Hamilton Insurance Group

Several institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $25,000. Chesapeake Asset Management LLC boosted its holdings in Hamilton Insurance Group by 487.8% during 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 during the period. Versant Capital Management Inc grew its position in Hamilton Insurance Group by 1,404.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after acquiring an additional 1,587 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Hamilton Insurance Group by 112.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock worth $49,000 after purchasing an additional 937 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Hamilton Insurance Group in the third quarter worth $71,000. Institutional investors 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.