Hamilton Insurance Group, Ltd. (NYSE:HG – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday after Keefe, Bruyette & Woods raised their price target on the stock from $40.00 to $42.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Hamilton Insurance Group traded as high as $37.39 and last traded at $37.3850, with a volume of 164,087 shares. The stock had previously closed at $36.47.
Several other equities analysts have also commented on HG. Zacks Research raised shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 29th. Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup reissued a “neutral” rating on shares of Hamilton Insurance Group in a report on Wednesday, August 12th. Barclays lifted their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a)” rating in a research note on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $36.62.
View Our Latest Stock Analysis on HG
Insider Activity
In other Hamilton Insurance Group news, Director David Brown sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the transaction, the director owned 400,000 shares of the company’s stock, valued at $14,448,000. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timothy Duffin sold 28,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.53, for a total value of $984,105.00. Following the sale, the insider owned 223,459 shares of the company’s stock, valued at $7,716,039.27. The trade was a 11.31% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.02% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Hamilton Insurance Group by 4.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 23,642 shares of the company’s stock valued at $798,000 after purchasing an additional 936 shares during the period. Vise Technologies Inc. grew its holdings in Hamilton Insurance Group by 68.0% during the third quarter. Vise Technologies Inc. now owns 10,244 shares of the company’s stock worth $338,000 after acquiring an additional 4,146 shares during the period. MGO One Seven LLC bought a new stake in shares of Hamilton Insurance Group in the 3rd quarter worth approximately $210,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Hamilton Insurance Group by 36.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 76,650 shares of the company’s stock worth $2,533,000 after acquiring an additional 20,400 shares in the last quarter. Finally, Kendall Capital Management boosted its position in shares of Hamilton Insurance Group by 1.2% in the 3rd quarter. Kendall Capital Management now owns 40,944 shares of the company’s stock valued at $1,353,000 after purchasing an additional 475 shares during the period. 29.17% of the stock is currently owned by institutional investors.
Hamilton Insurance Group Stock Performance
The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 7.15 and a beta of 0.33. The firm’s fifty day simple moving average is $34.93 and its 200 day simple moving average is $32.39.
Hamilton Insurance Group (NYSE:HG – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.87. Hamilton Insurance Group had a return on equity of 24.05% and a net margin of 16.83%. The company had revenue of $828.04 million for the quarter, compared to the consensus estimate of $693.46 million. On average, sell-side analysts forecast that Hamilton Insurance Group, Ltd. will post 4.90 EPS for the current year.
Hamilton Insurance Group Company Profile
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.
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