Hamilton Insurance Group (NYSE:HG) Sees Strong Trading Volume – Should You Buy?

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) saw an uptick in trading volume on Monday . 1,277,887 shares traded hands during trading, an increase of 174% from the previous session’s volume of 466,466 shares.The stock last traded at $18.51 and had previously closed at $18.53.

Wall Street Analyst Weigh In

HG has been the topic of several research reports. Barclays dropped their price target on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Hamilton Insurance Group Price Performance

The stock has a 50-day moving average of $18.59 and a two-hundred day moving average of $18.09. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 4.15 and a beta of 1.03.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. The business had revenue of $512.84 million for the quarter, compared to the consensus estimate of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same period last year, the firm posted $0.41 earnings per share. On average, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after acquiring an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Hamilton Insurance Group in the 3rd quarter worth about $34,000. Toronto Dominion Bank purchased a new stake in shares of Hamilton Insurance Group during the 3rd quarter worth about $97,000. US Bancorp DE acquired a new stake in shares of Hamilton Insurance Group during the 3rd quarter valued at about $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hamilton Insurance Group during the 2nd quarter valued at about $156,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.