Hamilton Insurance Group (NYSE:HG) Reaches New 12-Month High at $18.06

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.06 and last traded at $18.06, with a volume of 26995 shares changing hands. The stock had previously closed at $17.51.

Analyst Ratings Changes

HG has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.00 target price (up previously from $20.00) on shares of Hamilton Insurance Group in a research report on Thursday, May 16th. Wells Fargo & Company raised their target price on Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. JMP Securities upped their price target on Hamilton Insurance Group from $22.00 to $23.00 and gave the company a “market outperform” rating in a research note on Thursday, May 9th. Finally, Morgan Stanley reduced their price objective on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $20.00.

Hamilton Insurance Group Price Performance

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 fifty day moving average price of $16.43 and a two-hundred day moving average price of $15.02. The firm has a market cap of $1.98 billion and a P/E ratio of 5.43.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.30. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. The firm had revenue of $658.65 million for the quarter, compared to analyst estimates of $464.96 million. Equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.92 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Alan Neil Patterson purchased 21,135 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were bought at an average cost of $16.66 per share, for a total transaction of $352,109.10. Following the completion of the acquisition, the director now directly owns 21,135 shares in the company, valued at approximately $352,109.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Hamilton Insurance Group news, Director Alan Neil Patterson acquired 21,135 shares of the stock in a transaction dated Thursday, May 16th. The shares were bought at an average cost of $16.66 per share, for a total transaction of $352,109.10. Following the completion of the acquisition, the director now directly owns 21,135 shares of the company’s stock, valued at $352,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian John Deegan sold 22,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total transaction of $367,400.00. Following the completion of the sale, the chief accounting officer now directly owns 18,957 shares in the company, valued at approximately $316,581.90. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Hamilton Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new position in Hamilton Insurance Group in the fourth quarter valued at approximately $477,000. Teacher Retirement System of Texas acquired a new position in Hamilton Insurance Group during the fourth quarter worth $1,495,000. Seven Grand Managers LLC bought a new stake in Hamilton Insurance Group during the fourth quarter worth $1,121,000. Oxford Asset Management LLP acquired a new stake in Hamilton Insurance Group in the fourth quarter valued at $199,000. Finally, Weiss Asset Management LP bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $748,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.