Analysts Set Hamilton Insurance Group, Ltd. (NYSE:HG) Target Price at $35.38

Hamilton Insurance Group, Ltd. (NYSE:HG) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $35.3750.

A number of research analysts have recently weighed in on the company. UBS Group set a $33.00 price objective on Hamilton Insurance Group in a research report on Thursday, May 21st. Citizens Jmp increased their target price on shares of Hamilton Insurance Group from $38.00 to $40.00 and gave the stock a “market outperform” rating in a report on Friday, July 10th. Barclays increased their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Zacks Research cut shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised shares of Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th.

Hamilton Insurance Group Price Performance

Shares of Hamilton Insurance Group stock opened at $35.51 on Tuesday. Hamilton Insurance Group has a one year low of $22.08 and a one year high of $37.31. The stock’s fifty day moving average is $33.34 and its 200 day moving average is $31.28. The stock has a market cap of $3.52 billion, a P/E ratio of 5.81 and a beta of 0.33. 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 (NYSE:HG) last released its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. Sell-side analysts anticipate that Hamilton Insurance Group will post 4.12 earnings per share for the current year.

Insiders Place Their Bets

In other news, Treasurer Jonathan B. Levenson sold 6,075 shares of the firm’s 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 sale, the treasurer directly owned 39,629 shares in the company, valued at $1,213,043.69. This trade represents a 13.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Brown sold 37,300 shares of Hamilton Insurance Group 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 transaction, the director owned 450,000 shares in the company, valued at approximately $14,472,000. This trade represents a 7.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 56,075 shares of company stock valued at $1,789,638. Corporate insiders own 3.02% of the company’s stock.

Hedge Funds Weigh In On Hamilton Insurance Group

Several large investors have recently made changes to their positions in HG. Donald Smith & CO. Inc. grew its stake in Hamilton Insurance Group by 71.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after acquiring an additional 646,106 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Hamilton Insurance Group by 10.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after acquiring an additional 140,474 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Hamilton Insurance Group in the 4th quarter worth $526,000. Y Intercept Hong Kong Ltd purchased a new stake in Hamilton Insurance Group in the 1st quarter worth $3,229,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Hamilton Insurance Group by 9.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock valued at $31,309,000 after purchasing an additional 90,655 shares during the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

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.