Hamilton Insurance Group (NYSE:HG) Sets New 12-Month High at $18.09

Hamilton Insurance Group, Ltd. (NYSE:HG)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $18.09 and last traded at $18.08, with a volume of 234554 shares traded. The stock had previously closed at $17.10.

Analyst Ratings Changes

A number of equities research analysts have commented on HG shares. JMP Securities lifted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 8th. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.67.

Hamilton Insurance Group Price Performance

The firm has a 50 day moving average of $16.54 and a 200-day moving average of $15.26. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.12 billion and a P/E ratio of 5.83.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.29. The company had revenue of $587.94 million during the quarter, compared to analysts’ expectations of $502.37 million. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. On average, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 3.92 EPS for the current year.

Hedge Funds Weigh In On Hamilton Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new position in shares of Hamilton Insurance Group during the 4th quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Hamilton Insurance Group during the second quarter worth $34,000. American International Group Inc. bought a new position in Hamilton Insurance Group during the first quarter valued at $115,000. Rhumbline Advisers raised its stake in shares of Hamilton Insurance Group by 52.0% in the second quarter. Rhumbline Advisers now owns 25,068 shares of the company’s stock valued at $417,000 after acquiring an additional 8,572 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Hamilton Insurance Group in the 2nd quarter worth about $156,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.