Barclays Cuts Hamilton Insurance Group (NYSE:HG) Price Target to $24.00

Hamilton Insurance Group (NYSE:HG) had its target price lowered by equities researchers at Barclays from $26.00 to $24.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 30.29% from the company’s current price.

Separately, Wells Fargo & Company raised their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Hamilton Insurance Group Trading Down 0.6 %

Shares of Hamilton Insurance Group stock traded down $0.11 during trading hours on Monday, hitting $18.42. The company’s stock had a trading volume of 573,300 shares, compared to its average volume of 443,952. The stock has a 50 day moving average of $18.59 and a 200 day moving average of $18.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. Hamilton Insurance Group has a 12 month low of $12.44 and a 12 month high of $20.71. The company has a market capitalization of $1.87 billion, a PE ratio of 4.12 and a beta of 1.03.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same period in the prior year, the firm posted $0.41 EPS. Analysts predict that Hamilton Insurance Group will post 4.03 earnings per share for the current year.

Insider Activity

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Hamilton Insurance Group

Large investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Hamilton Insurance Group in the third quarter valued at $34,000. Toronto Dominion Bank purchased a new stake in shares of Hamilton Insurance Group during the 3rd quarter worth about $97,000. US Bancorp DE bought a new stake in shares of Hamilton Insurance Group in the third quarter valued at approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Hamilton Insurance Group during the second quarter valued at approximately $156,000. Hedge funds and other institutional investors 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.