Hamilton Insurance Group (NYSE:HG) Reaches New 12-Month High – What’s Next?

Hamilton Insurance Group, Ltd. (NYSE:HG) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.82 and last traded at $20.72, with a volume of 137529 shares traded. The stock had previously closed at $19.87.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an “overweight” rating in a research report on Thursday, February 27th. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.80.

Hamilton Insurance Group Stock Up 4.2 %

The firm’s 50 day simple moving average is $18.90 and its two-hundred day simple moving average is $18.76. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 4.63 and a beta of 1.02. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $543.94 million for the quarter, compared to the consensus estimate of $460.17 million. On average, equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in Hamilton Insurance Group by 176.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after purchasing an additional 70,732 shares during the last quarter. Barclays PLC increased its holdings in Hamilton Insurance Group by 845.0% in the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock worth $1,114,000 after purchasing an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Hamilton Insurance Group during the third quarter valued at about $525,000. Geode Capital Management LLC grew its holdings in shares of Hamilton Insurance Group by 136.5% during the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock worth $9,197,000 after purchasing an additional 274,483 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Hamilton Insurance Group by 90.0% in the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after buying an additional 46,978 shares during the period. 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.