Hamilton Insurance Group, Ltd. (NYSE:HG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been given an average rating of “Moderate Buy” by the ten brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $29.8750.

Several research firms have issued reports on HG. Wall Street Zen raised shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. JMP Securities set a $32.00 price objective on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, Citizens Jmp raised their price objective on Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th.

Hamilton Insurance Group Stock Down 0.3%

HG opened at $30.93 on Tuesday. The firm has a market cap of $3.04 billion, a P/E ratio of 7.36 and a beta of 0.70. The business’s fifty day simple moving average is $27.90 and its 200 day simple moving average is $25.73. Hamilton Insurance Group has a 52 week low of $16.80 and a 52 week high of $31.60. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05.

Institutional Trading of Hamilton Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HG. Kestra Advisory Services LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter valued at about $25,000. Chesapeake Asset Management LLC boosted its position in shares of Hamilton Insurance Group by 487.8% in the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. Versant Capital Management Inc grew its holdings in Hamilton Insurance Group by 1,404.4% in the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after purchasing an additional 1,587 shares during the period. Harbor Capital Advisors Inc. increased its position in Hamilton Insurance Group by 112.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock worth $49,000 after purchasing an additional 937 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Hamilton Insurance Group during the third quarter worth approximately $71,000. Hedge funds and other institutional investors 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.