Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $32.29 Consensus Target Price from Analysts

Hamilton Insurance Group, Ltd. (NYSE:HG) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.2857.

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Wells Fargo & Company increased their price target on Hamilton Insurance Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Citizens Jmp raised their price objective on Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, February 20th.

Hamilton Insurance Group Stock Down 1.2%

HG opened at $28.54 on Friday. The stock has a fifty day moving average of $28.72 and a 200-day moving average of $26.60. The company has a market capitalization of $2.83 billion, a P/E ratio of 5.12 and a beta of 0.56. Hamilton Insurance Group has a fifty-two week low of $16.80 and a fifty-two week high of $32.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Thursday, February 19th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. On average, equities analysts expect that Hamilton Insurance Group will post 4.1 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 6th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, March 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HG. Wellington Management Group LLP lifted its position in Hamilton Insurance Group by 16.2% during the third quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after purchasing an additional 737,084 shares during the period. Donald Smith & CO. Inc. bought a new position in Hamilton Insurance Group in the 2nd quarter valued at about $14,272,000. Freestone Grove Partners LP acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $16,667,000. Millennium Management LLC raised its position in shares of Hamilton Insurance Group by 89.8% in the 4th quarter. Millennium Management LLC now owns 881,667 shares of the company’s stock valued at $24,599,000 after buying an additional 417,261 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Hamilton Insurance Group by 101.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 705,277 shares of the company’s stock worth $17,490,000 after acquiring an additional 355,947 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.