Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $35.38 Consensus Target Price from Analysts

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $35.6250.

A number of research firms recently issued reports on HG. UBS Group set a $33.00 price objective on Hamilton Insurance Group in a report on Thursday, May 21st. Citizens Jmp boosted their target price on Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research note on Friday. Wells Fargo & Company upped their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Insurance Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th.

Hamilton Insurance Group Price Performance

HG stock opened at $34.69 on Tuesday. The stock has a 50-day moving average price of $33.58 and a two-hundred day moving average price of $31.41. The stock has a market cap of $3.44 billion, a PE ratio of 6.04 and a beta of 0.33. 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 $22.47 and a 1 year high of $37.31.

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

Insider Buying and Selling at Hamilton Insurance Group

In related news, Director David A. Brown sold 37,300 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total transaction of $185,955.75. Following the transaction, the treasurer owned 39,629 shares of the company’s stock, valued at approximately $1,213,043.69. This represents a 13.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,075 shares of company stock valued at $1,789,638 in the last 90 days. 3.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HG. Kestra Advisory Services LLC bought a new position in Hamilton Insurance Group in the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. raised its stake in shares of Hamilton Insurance Group by 112.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock worth $49,000 after purchasing an additional 937 shares in the last quarter. KBC Group NV acquired a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at approximately $65,000. Royal Bank of Canada boosted its holdings in shares of Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after buying an additional 410 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Hamilton Insurance Group by 20.0% in the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after buying an additional 735 shares in the last quarter. 29.17% of the stock is owned by institutional investors and hedge funds.

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.