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

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $32.2857.

HG has been the subject of several research reports. Wall Street Zen cut shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Citigroup raised their price target on Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of hedge funds have recently made changes to their positions in HG. AQR Capital Management LLC grew its stake in Hamilton Insurance Group by 186.0% during the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock valued at $1,190,000 after acquiring an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hamilton Insurance Group by 9.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after acquiring an additional 2,071 shares in the last quarter. Millennium Management LLC boosted its position in shares of Hamilton Insurance Group by 9.7% during the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after acquiring an additional 39,020 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Hamilton Insurance Group by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after purchasing an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Hamilton Insurance Group by 87.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock valued at $1,777,000 after purchasing an additional 39,927 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $28.67 on Friday. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 5.15 and a beta of 0.56. The stock has a fifty day moving average of $28.68 and a 200 day moving average of $26.48. Hamilton Insurance Group has a 52 week low of $16.80 and a 52 week high of $32.21. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05.

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

Hamilton Insurance Group Dividend Announcement

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

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.