Hamilton Insurance Group, Ltd. (NYSE:HG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hamilton Insurance Group, Ltd. (NYSE:HG) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.3750.

A number of research firms have recently commented on HG. Keefe, Bruyette & Woods raised their price target on Hamilton Insurance Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Barclays raised their price objective on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Citizens Jmp raised their price objective on Hamilton Insurance Group from $38.00 to $40.00 and gave the company a “market outperform” rating in a research note on Friday, July 10th. Finally, UBS Group set a $33.00 price target on shares of Hamilton Insurance Group in a report on Thursday, May 21st.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $34.84 on Friday. The company has a fifty day moving average of $31.91 and a 200-day moving average of $30.30. Hamilton Insurance Group has a twelve month low of $20.61 and a twelve month high of $35.43. The firm has a market capitalization of $3.46 billion, a P/E ratio of 5.70 and a beta of 0.35. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last posted its 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. The company had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. As a group, sell-side analysts anticipate that Hamilton Insurance Group will post 4.12 EPS for the current year.

Insider Buying and Selling

In other Hamilton Insurance Group news, Treasurer Jonathan B. Levenson sold 6,075 shares of Hamilton Insurance Group stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total value of $185,955.75. Following the completion of the sale, the treasurer owned 39,629 shares of the company’s stock, valued at approximately $1,213,043.69. This trade represents a 13.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian John Deegan sold 11,000 shares of Hamilton Insurance Group stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total value of $337,590.00. Following the completion of the sale, the chief accounting officer owned 71,347 shares of the company’s stock, valued at $2,189,639.43. The trade was a 13.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 70,105 shares of company stock worth $2,220,158 in the last three months. 3.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Hamilton Insurance Group by 186.0% in the 1st quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after acquiring an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hamilton Insurance Group by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock worth $510,000 after acquiring an additional 2,071 shares during the last quarter. Millennium Management LLC increased its position in shares of Hamilton Insurance Group by 9.7% during the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after purchasing an additional 39,020 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Hamilton Insurance Group by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after acquiring an additional 20,926 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Hamilton Insurance Group by 87.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock worth $1,777,000 after purchasing an additional 39,927 shares during the period. 29.17% of the stock is currently owned by 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.