Hamilton Insurance Group, Ltd. (NYSE:HG) Given Consensus Rating of “Moderate Buy” by Analysts

Hamilton Insurance Group, Ltd. (NYSE:HG) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $35.6250.

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Barclays lifted their price objective on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Citigroup reissued a “market outperform” rating on shares of Hamilton Insurance Group in a research report on Friday. Weiss Ratings upgraded Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, June 12th. Finally, Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th.

Hamilton Insurance Group Price Performance

Shares of HG stock opened at $35.91 on Tuesday. Hamilton Insurance Group has a fifty-two week low of $22.31 and a fifty-two week high of $37.31. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 6.26 and a beta of 0.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50-day simple moving average is $33.46 and its 200-day simple moving average is $31.32.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. The firm had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.78%. As a group, equities analysts forecast that Hamilton Insurance Group will post 4.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hamilton Insurance Group news, Treasurer Jonathan B. Levenson sold 6,075 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $185,955.75. Following the completion of the transaction, the treasurer directly owned 39,629 shares of the company’s stock, valued at approximately $1,213,043.69. This trade represents a 13.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the sale, the director owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 56,075 shares of company stock worth $1,789,638. 3.02% of the stock is owned by insiders.

Institutional Trading of Hamilton Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HG. Kestra Advisory Services LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter worth $25,000. Harbor Capital Advisors Inc. boosted its holdings in Hamilton Insurance Group by 112.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after purchasing an additional 937 shares during the last quarter. KBC Group NV acquired a new stake in Hamilton Insurance Group during the 1st quarter worth about $65,000. Royal Bank of Canada grew its position in Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after purchasing an additional 410 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Hamilton Insurance Group by 20.0% during the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.