Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Price Target at $35.12

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.3750.

HG has been the subject of several recent research reports. UBS Group set a $33.00 target price on shares of Hamilton Insurance Group in a research note on Thursday, May 21st. Barclays upped their price objective on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Citizens Jmp increased their price objective on Hamilton Insurance Group from $38.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, July 10th. Morgan Stanley lifted 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. Finally, Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $34.40 on Friday. The firm’s fifty day simple moving average is $32.06 and its 200-day simple moving average is $30.38. Hamilton Insurance Group has a 12 month low of $20.92 and a 12 month high of $35.43. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 5.63 and a beta of 0.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The firm had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. As a group, equities analysts forecast that Hamilton Insurance Group will post 4.12 earnings per share for the current year.

Insider Activity at Hamilton Insurance Group

In other news, Director David A. Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction dated 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 sale, the director owned 450,000 shares of the company’s stock, valued at $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the business’s 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 in the company, valued at approximately $1,213,043.69. This trade 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 a total of 70,105 shares of company stock worth $2,220,158 in the last three months. Insiders own 3.02% of the company’s stock.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of hedge funds have recently added to or reduced their stakes in HG. Kestra Advisory Services LLC acquired a new position in Hamilton Insurance Group during the 4th quarter worth approximately $25,000. Chesapeake Asset Management LLC raised its stake in shares of Hamilton Insurance Group by 487.8% during the 4th quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock worth $34,000 after buying an additional 1,000 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Hamilton Insurance Group by 112.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after buying an additional 937 shares during the period. KBC Group NV purchased a new stake in shares of Hamilton Insurance Group in the first quarter valued at approximately $65,000. Finally, Royal Bank of Canada boosted its stake 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 valued at $84,000 after buying an additional 410 shares in the last quarter. 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.