Keefe, Bruyette & Woods Issues Positive Forecast for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HG) had its price objective raised by research analysts at Keefe, Bruyette & Woods from $40.00 to $42.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s target price would indicate a potential upside of 15.47% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Citizens Jmp raised their price target on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Barclays upped their price objective on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a)” rating in a report on Wednesday, October 21st. Wells Fargo & Company raised their target price on Hamilton Insurance Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $36.62.

Hamilton Insurance Group Price Performance

HG opened at $36.37 on Wednesday. Hamilton Insurance Group has a fifty-two week low of $22.66 and a fifty-two week high of $37.31. The firm has a 50-day moving average of $34.93 and a 200 day moving average of $32.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $3.59 billion, a P/E ratio of 6.95 and a beta of 0.33.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $0.91 by $0.87. The business had revenue of $828.04 million for the quarter, compared to analyst estimates of $693.46 million. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 24.05%. On average, research analysts expect that Hamilton Insurance Group will post 4.90 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Timothy Duffin sold 28,500 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the sale, the insider owned 223,459 shares of the company’s stock, valued at $7,716,039.27. The trade was a 11.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Brown sold 50,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the sale, the director directly owned 400,000 shares in the company, valued at $14,448,000. The trade was a 11.11% decrease in their position. The SEC filing for this sale provides additional information. 3.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of large investors have recently made changes to their positions in HG. Wellington Management Group LLP boosted its position in shares of Hamilton Insurance Group by 39.4% in the second quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock valued at $196,094,000 after acquiring an additional 1,633,397 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Hamilton Insurance Group by 10.4% during the first 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in Hamilton Insurance Group by 32.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock valued at $40,312,000 after acquiring an additional 332,405 shares in the last quarter. Lazard Asset Management LLC increased its holdings in 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 worth $31,309,000 after acquiring an additional 90,655 shares during the period. Finally, Donald Smith & CO. Inc. bought a new stake in Hamilton Insurance Group during the 2nd quarter worth approximately $29,884,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.