Hamilton Insurance Group (NYSE:HG) Upgraded at Zacks Research

Hamilton Insurance Group (NYSE:HG) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Barclays increased their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Wells Fargo & Company increased their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.43.

Hamilton Insurance Group Trading Down 0.6%

Shares of NYSE HG opened at $30.72 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $3.04 billion, a P/E ratio of 5.03 and a beta of 0.58. Hamilton Insurance Group has a 1-year low of $20.17 and a 1-year high of $33.72. The business has a fifty day moving average price of $30.46 and a 200 day moving average price of $28.51.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The firm had revenue of $758.91 million during the quarter, compared to analysts’ expectations of $933.90 million. Equities research analysts expect that Hamilton Insurance Group will post 3.95 EPS for the current fiscal year.

Insider Transactions at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total transaction of $337,590.00. Following the sale, the chief accounting officer directly owned 71,347 shares of the company’s stock, valued at $2,189,639.43. This trade represents a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Jonathan B. Levenson sold 3,030 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $30.67, for a total value of $92,930.10. Following the sale, the treasurer directly owned 45,704 shares in the company, valued at approximately $1,401,741.68. This trade represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Hamilton Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in Hamilton Insurance Group during the fourth quarter worth about $25,000. Chesapeake Asset Management LLC grew its holdings in Hamilton Insurance Group by 487.8% during the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock worth $34,000 after acquiring an additional 1,000 shares during the period. Versant Capital Management Inc grew its holdings in Hamilton Insurance Group by 1,404.4% during the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock worth $42,000 after acquiring an additional 1,587 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Hamilton Insurance Group by 112.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock worth $49,000 after acquiring an additional 937 shares during the period. Finally, KBC Group NV acquired a new stake in Hamilton Insurance Group during the first quarter worth about $65,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.