Hamilton Insurance Group (NYSE:HG) Reaches New 52-Week High – What’s Next?

Hamilton Insurance Group, Ltd. (NYSE:HG) shares hit a new 52-week high on Wednesday . The stock traded as high as $29.30 and last traded at $29.01, with a volume of 663650 shares traded. The stock had previously closed at $27.86.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Wells Fargo & Company increased their price objective on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Barclays boosted their target price on shares of Hamilton Insurance Group from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.88.

Hamilton Insurance Group Stock Performance

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $27.33 and its two-hundred day moving average price is $25.18. The stock has a market capitalization of $2.86 billion, a PE ratio of 6.93 and a beta of 0.70.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.71 by $0.61. The company had revenue of $667.65 million for the quarter, compared to analyst estimates of $537.70 million. Hamilton Insurance Group had a net margin of 15.95% and a return on equity of 15.07%. As a group, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Alexander James Baker sold 18,350 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $26.19, for a total value of $480,586.50. Following the completion of the transaction, the chief executive officer owned 84,136 shares of the company’s stock, valued at approximately $2,203,521.84. This represents a 17.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Hamilton Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Hamilton Insurance Group by 129.2% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 27,050 shares of the company’s stock valued at $755,000 after acquiring an additional 15,250 shares during the period. Swiss Life Asset Management Ltd purchased a new position in Hamilton Insurance Group during the fourth quarter valued at $208,000. Seizert Capital Partners LLC grew its position in shares of Hamilton Insurance Group by 3.4% in the fourth quarter. Seizert Capital Partners LLC now owns 87,809 shares of the company’s stock valued at $2,450,000 after purchasing an additional 2,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hamilton Insurance Group by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,307 shares of the company’s stock worth $762,000 after purchasing an additional 7,529 shares in the last quarter. Finally, CWM LLC raised its position in shares of Hamilton Insurance Group by 4.2% during the 4th quarter. CWM LLC now owns 22,594 shares of the company’s stock worth $630,000 after purchasing an additional 919 shares during the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

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.