Hamilton Insurance Group (NYSE:HG) Reaches New 12-Month High – What’s Next?

Hamilton Insurance Group, Ltd. (NYSE:HG)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $32.61 and last traded at $32.6170, with a volume of 20568 shares trading hands. The stock had previously closed at $32.03.

Analyst Ratings Changes

A number of equities analysts recently commented on HG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. BMO Capital Markets reissued a “market perform” rating and set a $26.00 price target on shares of Hamilton Insurance Group in a research note on Tuesday, December 23rd. Barclays increased their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Wells Fargo & Company increased their price target on Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.71.

Hamilton Insurance Group Price Performance

The firm has a market capitalization of $3.24 billion, a P/E ratio of 5.87 and a beta of 0.53. The firm has a 50 day moving average price of $30.13 and a 200-day moving average price of $27.72. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last posted 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. The business had revenue of $728.33 million during the quarter, compared to analyst estimates of $621.00 million. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. On average, analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Announces Dividend

The business 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.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after purchasing an additional 410 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Hamilton Insurance Group by 3.4% during the 3rd quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock worth $344,000 after acquiring an additional 458 shares during the last quarter. Alps Advisors Inc. lifted its stake in shares of Hamilton Insurance Group by 2.6% during the 3rd quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock worth $466,000 after acquiring an additional 469 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $25,000. Finally, CWM LLC lifted its stake in shares of Hamilton Insurance Group by 4.2% during the 4th quarter. CWM LLC now owns 22,594 shares of the company’s stock worth $630,000 after acquiring an additional 919 shares during the last quarter. 29.17% of the stock is owned by institutional investors.

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.