Hamilton Insurance Group (NYSE:HG) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Hamilton Insurance Group (NYSE:HG) from a buy rating to a hold rating in a report issued on Saturday.

Several other equities research analysts also recently commented on the stock. Citizens Jmp upped their target price on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research note on Friday. Barclays boosted their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Insurance Group from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. UBS Group set a $33.00 target price on Hamilton Insurance Group in a report on Thursday, May 21st. Finally, Morgan Stanley boosted their target price on Hamilton Insurance Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

Hamilton Insurance Group Trading Up 1.0%

NYSE:HG opened at $35.91 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group has a 1-year low of $22.31 and a 1-year high of $37.31. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 6.26 and a beta of 0.33. The business’s 50-day moving average price is $33.46 and its two-hundred day moving average price is $31.32.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. The company had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a return on equity of 22.78% and a net margin of 19.56%. On average, equities analysts expect that Hamilton Insurance Group will post 4.12 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David A. Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.16, for a total value of $1,199,568.00. Following the sale, the director owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. This trade represents a 7.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the company’s stock in a transaction that occurred 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 transaction, the treasurer directly 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 56,075 shares of company stock worth $1,789,638. 3.02% of the stock is owned by insiders.

Institutional Trading of Hamilton Insurance Group

A number of institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in Hamilton Insurance Group in the fourth quarter valued at $25,000. KBC Group NV acquired a new stake in Hamilton Insurance Group in the 1st quarter valued at $65,000. Royal Bank of Canada lifted its position in 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 buying an additional 410 shares in the last quarter. Strs Ohio acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth about $112,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Hamilton Insurance Group by 24.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock worth $123,000 after buying an additional 1,101 shares during the last quarter. Institutional investors own 29.17% of the company’s stock.

About Hamilton Insurance Group

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.