Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $28.75 Average PT from Brokerages

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.1250.

Several equities analysts have recently weighed in on HG shares. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a report on Wednesday, November 5th. Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Finally, JMP Securities set a $32.00 price target on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th.

Insider Activity

In other news, CEO Alexander James Baker sold 18,350 shares of Hamilton Insurance Group stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $26.19, for a total value of $480,586.50. Following the sale, the chief executive officer directly owned 84,136 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. 17.46% of the stock is owned by corporate insiders.

Institutional Trading of Hamilton Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of HG. Versant Capital Management Inc boosted its position in shares of Hamilton Insurance Group by 1,404.4% during 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. Flaharty Asset Management LLC acquired a new position in Hamilton Insurance Group in the 1st quarter valued at about $62,000. State of Alaska Department of Revenue purchased a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $71,000. CWM LLC grew its stake in shares of Hamilton Insurance Group by 167.7% in the 2nd 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 period. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Hamilton Insurance Group by 14.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock worth $99,000 after buying an additional 585 shares during the last quarter. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $28.16 on Monday. Hamilton Insurance Group has a 52-week low of $16.80 and a 52-week high of $28.72. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.77 billion, a PE ratio of 6.71 and a beta of 0.70. The business has a 50-day simple moving average of $26.34 and a 200-day simple moving average of $24.00.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Tuesday, November 4th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.71 by $0.61. The firm had revenue of $667.65 million for the quarter, compared to analyst estimates of $537.70 million. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%. On average, equities analysts expect that Hamilton Insurance Group will post 4.1 EPS for the current year.

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.