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

Shares of Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.1250.

HG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Morgan Stanley increased their target price on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. UBS Group set a $33.00 target price on shares of Hamilton Insurance Group in a research note on Thursday, May 21st. Finally, Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th.

View Our Latest Report on Hamilton Insurance Group

Hedge Funds Weigh In On Hamilton Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in shares of Hamilton Insurance Group by 3,215.6% in the second quarter. California State Teachers Retirement System now owns 1,980,467 shares of the company’s stock valued at $67,217,000 after purchasing an additional 1,920,735 shares during the period. Wellington Management Group LLP increased its holdings in Hamilton Insurance Group by 39.4% during the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock worth $196,094,000 after purchasing an additional 1,633,397 shares during the period. Donald Smith & CO. Inc. purchased a new position in Hamilton Insurance Group during the 2nd quarter worth $29,884,000. Freestone Grove Partners LP bought a new stake in Hamilton Insurance Group during the 4th quarter valued at $16,667,000. Finally, Millennium Management LLC raised its position in Hamilton Insurance Group by 89.8% during the 4th quarter. Millennium Management LLC now owns 881,667 shares of the company’s stock valued at $24,599,000 after purchasing an additional 417,261 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG opened at $35.50 on Friday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 6.18 and a beta of 0.31. Hamilton Insurance Group has a 12 month low of $22.66 and a 12 month high of $37.31. The firm’s 50-day moving average is $35.07 and its 200 day moving average is $32.27. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HGGet Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The business 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 22.60%. Research analysts predict that Hamilton Insurance Group will post 4.89 EPS for the current year.

About Hamilton Insurance Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hamilton Insurance Group (NYSE:HG)

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