Hamilton Insurance Group, Ltd. (NYSE:HG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $32.2857.

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Citigroup lifted their price target on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Zacks Research cut shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Morgan Stanley set a $28.00 price objective on Hamilton Insurance Group in a report on Tuesday, December 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd.

Institutional Trading of Hamilton Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of HG. Wellington Management Group LLP lifted its holdings in shares of Hamilton Insurance Group by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock valued at $131,378,000 after acquiring an additional 737,084 shares in the last quarter. Nuveen LLC increased its holdings in Hamilton Insurance Group by 3.5% in the 4th quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after purchasing an additional 74,194 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after purchasing an additional 646,106 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Hamilton Insurance Group by 1.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock valued at $34,063,000 after purchasing an additional 15,615 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Hamilton Insurance Group by 44.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,019,106 shares of the company’s stock valued at $28,433,000 after purchasing an additional 313,829 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $30.38 on Wednesday. The firm has a 50 day simple moving average of $29.54 and a 200-day simple moving average of $27.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $3.01 billion, a PE ratio of 5.45 and a beta of 0.53. Hamilton Insurance Group has a 1-year low of $16.80 and a 1-year high of $32.21.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Saturday, February 14th. The company reported $1.65 earnings per share (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%. The business had revenue of $728.33 million for the quarter, compared to the consensus estimate of $621.00 million. On average, equities analysts expect that Hamilton Insurance Group will post 4.1 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 6th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 6th.

About Hamilton Insurance Group

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.