Hamilton Insurance Group (NYSE:HG) Given New $42.00 Price Target at Citizens Jmp

Hamilton Insurance Group (NYSE:HG) had its price objective raised by Citizens Jmp from $40.00 to $42.00 in a research report released on Friday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Citigroup reaffirmed a “market outperform” rating on shares of Hamilton Insurance Group in a research note on Friday. Zacks Research lowered shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Barclays lifted their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Finally, UBS Group set a $33.00 price objective on Hamilton Insurance Group in a research report on Thursday, May 21st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.

Hamilton Insurance Group Price Performance

Shares of HG stock opened at $35.91 on Friday. Hamilton Insurance Group has a 52-week low of $22.31 and a 52-week high of $37.31. The firm’s 50 day moving average price is $33.46 and its two-hundred day moving average price is $31.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $3.57 billion, a PE ratio of 6.26 and a beta of 0.33.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The firm had revenue of $839.58 million for the quarter. Hamilton Insurance Group had a return on equity of 22.78% and a net margin of 19.56%. As a group, analysts forecast that Hamilton Insurance Group will post 4.12 EPS for the current year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, Director David A. Brown sold 37,300 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the sale, the director directly owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $185,955.75. Following the completion of the sale, the treasurer directly owned 39,629 shares in the company, valued at approximately $1,213,043.69. The trade was a 13.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 56,075 shares of company stock worth $1,789,638. 3.02% of the stock is owned by corporate insiders.

Institutional Trading of Hamilton Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Hamilton Insurance Group by 186.0% in the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock valued at $1,190,000 after buying an additional 37,329 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hamilton Insurance Group by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after purchasing an additional 2,071 shares during the period. Millennium Management LLC increased its holdings in shares of Hamilton Insurance Group by 9.7% in the first quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after purchasing an additional 39,020 shares during the last quarter. Goldman Sachs Group Inc. increased 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 during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 during the last quarter. Institutional investors own 29.17% of the company’s stock.

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.