Hamilton Insurance Group, Ltd. (NYSE:HG) Stock Has Consensus Target Price of $36.00 According to Brokerages

Hamilton Insurance Group, Ltd. (NYSE:HG) has received an average rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $36.00.

HG has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Hamilton Insurance Group from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Wall Street Zen lowered shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citizens Jmp boosted their price target on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Zacks Research downgraded shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Timothy Duffin sold 28,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.53, for a total value of $984,105.00. Following the transaction, the insider owned 223,459 shares in the company, valued at $7,716,039.27. The trade was a 11.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Brown sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total value of $1,806,000.00. Following the completion of the transaction, the director directly owned 400,000 shares in the company, valued at approximately $14,448,000. The trade was 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.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new stake in Hamilton Insurance Group in the second quarter valued at approximately $34,000. Allworth Financial LP increased its stake in shares of Hamilton Insurance Group by 45.8% during the 2nd quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock worth $48,000 after purchasing an additional 442 shares during the last quarter. KBC Group NV acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth $65,000. Parallel Advisors LLC raised its holdings in shares of Hamilton Insurance Group by 20.0% during the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after purchasing an additional 735 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of Hamilton Insurance Group during the 2nd quarter valued at $244,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

NYSE HG opened at $36.30 on Friday. The company has a 50 day simple moving average of $34.87 and a 200-day simple moving average of $33.47. 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 has a market capitalization of $3.58 billion, a price-to-earnings ratio of 6.32 and a beta of 0.36. 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 posted 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 business had revenue of $839.58 million during the quarter. Equities research analysts predict that Hamilton Insurance Group will post 4.90 earnings per share for the current fiscal year.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.