Hamilton Insurance Group, Ltd. (NYSE:HG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $36.1250.

Several brokerages have issued reports on HG. Barclays increased their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods upped their price objective on Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in Hamilton Insurance Group during the fourth quarter valued at approximately $25,000. KBC Group NV acquired a new position in shares of Hamilton Insurance Group during the first quarter worth $65,000. Royal Bank of Canada lifted its holdings in shares of Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after purchasing an additional 410 shares during the last quarter. Strs Ohio purchased a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at $112,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Hamilton Insurance Group by 24.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock worth $123,000 after purchasing an additional 1,101 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

Shares of HG opened at $35.48 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day moving average price of $34.95 and a 200-day moving average price of $32.21. Hamilton Insurance Group has a fifty-two week low of $22.66 and a fifty-two week high of $37.31. The stock has a market capitalization of $3.50 billion, a PE ratio of 6.18 and a beta of 0.31.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The company had revenue of $839.58 million for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. Equities analysts predict that Hamilton Insurance Group will post 4.89 earnings per share for the current fiscal year.

Hamilton Insurance Group Company Profile

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.