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

Hamilton Insurance Group, Ltd. (NYSE:HG) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $36.12.

Several analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Wells Fargo & Company increased their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Barclays lifted their price objective on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Morgan Stanley upped their price objective on shares of Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

Insider Transactions at Hamilton Insurance Group

In related news, Director David A. Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the transaction, the director owned 400,000 shares in the company, valued at $14,448,000. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy Duffin sold 28,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $34.53, for a total value of $984,105.00. Following the sale, the insider directly owned 223,459 shares in the company, valued at approximately $7,716,039.27. The trade was a 11.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new stake in shares of Hamilton Insurance Group in the second quarter valued at $34,000. Allworth Financial LP boosted its stake in Hamilton Insurance Group by 45.8% during the second quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock valued at $48,000 after buying an additional 442 shares in the last quarter. KBC Group NV acquired a new position in Hamilton Insurance Group during the first quarter worth about $65,000. Parallel Advisors LLC grew its holdings in Hamilton Insurance Group by 20.0% during the first quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock worth $131,000 after acquiring an additional 735 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Hamilton Insurance Group during the first quarter worth about $215,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $33.27 on Wednesday. The firm’s 50 day moving average is $35.10 and its two-hundred day moving average is $32.69. The firm has a market capitalization of $3.28 billion, a P/E ratio of 5.80 and a beta of 0.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group has a 52 week low of $22.66 and a 52 week high of $37.31.

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. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%.The business had revenue of $839.58 million during the quarter. Analysts anticipate that Hamilton Insurance Group will post 4.89 earnings per share for the current year.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company’s offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.