Citizens Jmp Issues Positive Forecast for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HG) had its price target lifted by Citizens Jmp from $38.00 to $40.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

HG has been the subject of several other reports. Barclays upped their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Morgan Stanley upped their price objective on shares of Hamilton Insurance Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Wall Street Zen raised Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.38.

Hamilton Insurance Group Stock Up 1.0%

Shares of NYSE:HG traded up $0.35 during mid-day trading on Friday, hitting $34.62. 529,257 shares of the company traded hands, compared to its average volume of 505,118. The firm’s 50 day simple moving average is $31.78 and its 200 day simple moving average is $30.19. The firm has a market cap of $3.44 billion, a P/E ratio of 5.67 and a beta of 0.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. Hamilton Insurance Group has a 52-week low of $20.47 and a 52-week high of $35.20.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The firm had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. On average, equities analysts anticipate that Hamilton Insurance Group will post 4.12 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 11,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total value of $337,590.00. Following the sale, the chief accounting officer directly owned 71,347 shares of the company’s stock, valued at $2,189,639.43. This represents a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $185,955.75. Following the transaction, the treasurer owned 39,629 shares in the company, valued at $1,213,043.69. This trade represents a 13.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,105 shares of company stock valued at $2,220,158 over the last ninety days. Corporate insiders own 3.02% of the company’s stock.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after acquiring an additional 410 shares in the last quarter. Parallel Advisors LLC lifted its stake in Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock worth $131,000 after purchasing an additional 735 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Hamilton Insurance Group in the fourth quarter worth $25,000. CWM LLC increased its stake in Hamilton Insurance Group by 4.2% during the fourth quarter. CWM LLC now owns 22,594 shares of the company’s stock valued at $630,000 after purchasing an additional 919 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Hamilton Insurance Group by 112.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after purchasing an additional 937 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Hamilton Insurance Group

Here are the key news stories impacting Hamilton Insurance Group this week:

• Positive Sentiment: Citizens JMP raised its price target on Hamilton Insurance Group to $40 from $38 and kept an “market outperform” rating, implying further upside potential. Benzinga report on Citizens JMP target increase
• Positive Sentiment: Wells Fargo reaffirmed a Buy rating on Hamilton Insurance Group, reinforcing the bullish analyst view on the stock. Wells Fargo reaffirmation article
• Positive Sentiment: Wells Fargo also raised its target to $39 from $37 and maintained an Overweight rating, signaling confidence that HG can outperform the market. Tickerreport Wells Fargo target increase
• Neutral Sentiment: Brokerage coverage now points to a consensus recommendation of “Moderate Buy,” indicating broadly favorable sentiment but not a strong catalyst on its own. Consensus recommendation article
• Negative Sentiment: Zacks Research downgraded Hamilton Insurance Group from “Strong-Buy” to “Hold,” a minor counterpoint to the otherwise positive analyst tone. Zacks downgrade article

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.