Hamilton Insurance Group (NYSE:HG) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Hamilton Insurance Group, Ltd. (NYSE:HG) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $34.88 and traded as high as $35.64. Hamilton Insurance Group shares last traded at $35.02, with a volume of 588,547 shares.

Analyst Ratings Changes

HG has been the subject of several research analyst reports. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 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. Wells Fargo & Company reduced their price objective on Hamilton Insurance Group from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Finally, Barclays increased their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Hamilton Insurance Group Price Performance

The company has a market cap of $3.45 billion, a PE ratio of 6.70 and a beta of 0.36. The stock’s 50-day moving average is $34.88 and its 200 day moving average is $32.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.87. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 24.05%. The business had revenue of $828.04 million during the quarter, compared to analysts’ expectations of $693.46 million. On average, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.90 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In related news, Director David Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were 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 owned 400,000 shares in the company, valued at $14,448,000. The trade was a 11.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy Duffin sold 28,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

Hedge funds have recently added to or reduced their stakes in the stock. Vise Technologies Inc. grew its stake in Hamilton Insurance Group by 68.0% during the 3rd quarter. Vise Technologies Inc. now owns 10,244 shares of the company’s stock valued at $338,000 after acquiring an additional 4,146 shares in the last quarter. MGO One Seven LLC acquired a new stake in shares of Hamilton Insurance Group in the third quarter worth $210,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Hamilton Insurance Group by 36.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 76,650 shares of the company’s stock worth $2,533,000 after purchasing an additional 20,400 shares in the last quarter. Kendall Capital Management lifted its holdings in Hamilton Insurance Group by 1.2% in the third quarter. Kendall Capital Management now owns 40,944 shares of the company’s stock worth $1,353,000 after purchasing an additional 475 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Hamilton Insurance Group by 83.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,871 shares of the company’s stock worth $293,000 after purchasing an additional 4,029 shares during the period. 29.17% of the stock is currently 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, 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.