Hamilton Insurance Group (NYSE:HG) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Hamilton Insurance Group (NYSE:HG) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other brokerages also recently commented on HG. Weiss Ratings restated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Morgan Stanley set a $28.00 target price on shares of Hamilton Insurance Group in a research note on Tuesday, December 16th. Barclays reissued an “overweight” rating and issued a $35.00 price objective on shares of Hamilton Insurance Group in a report on Friday, February 20th. Finally, Citizens Jmp raised their target price on Hamilton Insurance Group from $32.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, February 20th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.29.

Hamilton Insurance Group Trading Down 2.0%

NYSE:HG opened at $28.65 on Friday. The company has a market cap of $2.84 billion, a PE ratio of 5.14 and a beta of 0.56. The business’s 50 day moving average is $29.24 and its two-hundred day moving average is $27.02. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group has a 52 week low of $16.80 and a 52 week high of $32.21.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Thursday, February 19th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%.The business had revenue of $728.33 million during the quarter, compared to the consensus estimate of $621.00 million. On average, analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently declared a special dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 6th will be given a $2.00 dividend. The ex-dividend date is Friday, March 6th.

Institutional Trading of Hamilton Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Hamilton Insurance Group by 15.8% in the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after acquiring an additional 410 shares in the last quarter. Arizona State Retirement System raised its stake in Hamilton Insurance Group by 3.4% during the 3rd quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock valued at $344,000 after purchasing an additional 458 shares during the period. Alps Advisors Inc. raised its stake in Hamilton Insurance Group by 2.6% during the 3rd quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock valued at $466,000 after purchasing an additional 469 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Hamilton Insurance Group by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after purchasing an additional 585 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter valued at $25,000. Institutional investors and hedge funds 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.