Hamilton Insurance Group, Ltd. (NYSE:HG) Stock Has Average Target Price of $36.12 According to Brokerages

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

Several equities analysts have issued reports on the company. Weiss Ratings raised Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday. Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Citizens Jmp lifted their price target on Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods boosted their price objective 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.

Hamilton Insurance Group Trading Down 0.5%

NYSE HG opened at $33.27 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s fifty day moving average price is $35.10 and its 200 day moving average price is $32.66. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 5.80 and a beta of 0.31. Hamilton Insurance Group has a 12 month low of $22.66 and a 12 month high of $37.31.

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

Insiders Place Their Bets

In related news, insider Timothy Duffin sold 28,500 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the completion of the sale, the insider owned 223,459 shares in the company, valued at $7,716,039.27. This represents a 11.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction 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 completion of the transaction, the director owned 400,000 shares in the company, valued at approximately $14,448,000. This represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.02% of the company’s stock.

Institutional Trading of Hamilton Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HG. Wellington Management Group LLP increased its stake in Hamilton Insurance Group by 39.4% in the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock valued at $196,094,000 after buying an additional 1,633,397 shares during the period. Donald Smith & CO. Inc. acquired a new stake in shares of Hamilton Insurance Group in the 2nd quarter worth $29,884,000. Dimensional Fund Advisors LP lifted its stake in shares of Hamilton Insurance Group by 32.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock worth $40,312,000 after acquiring an additional 332,405 shares during the period. Sei Investments Co. boosted its holdings in shares of Hamilton Insurance Group by 72.9% in the first quarter. Sei Investments Co. now owns 380,717 shares of the company’s stock valued at $11,357,000 after acquiring an additional 160,575 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hamilton Insurance Group by 10.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after acquiring an additional 140,474 shares in the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

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.