Hamilton Insurance Group (NYSE:HG) Hits New 52-Week High Following Dividend Announcement

Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as $31.68 and last traded at $31.0750, with a volume of 21059 shares changing hands. The stock had previously closed at $31.41.

The newly announced dividend which will be paid on Monday, March 30th. Stockholders of record on Friday, March 6th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 6th.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research lowered shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Citizens Jmp upped their price objective on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $26.00 target price on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.43.

Check Out Our Latest Analysis on Hamilton Insurance Group

Hamilton Insurance Group Stock Performance

The stock has a fifty day simple moving average of $28.13 and a 200-day simple moving average of $25.92. The stock has a market cap of $2.99 billion, a P/E ratio of 5.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66.

Hamilton Insurance Group (NYSE:HGGet Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.84%. The company had revenue of $728.33 million for the quarter, compared to the consensus estimate of $621.00 million. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Hamilton Insurance Group News Summary

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

Institutional Investors Weigh In On Hamilton Insurance Group

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings 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 worth $84,000 after acquiring an additional 410 shares during the last quarter. Arizona State Retirement System lifted its holdings in Hamilton Insurance Group by 3.4% during the 3rd quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock valued at $344,000 after purchasing an additional 458 shares during the last quarter. Alps Advisors Inc. boosted its position in Hamilton Insurance Group by 2.6% during the third quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock worth $466,000 after purchasing an additional 469 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Hamilton Insurance Group by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after purchasing an additional 585 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at about $25,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Company Profile

(Get Free Report)

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.

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