Shares of Hamilton Insurance Group, Ltd. (NYSE:HG – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $36.00.
A number of equities analysts have weighed in on the company. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Citizens Jmp increased their price objective on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Hamilton Insurance Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, October 6th. Wells Fargo & Company dropped their price objective on shares of Hamilton Insurance Group from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Wall Street Zen cut shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.
Hamilton Insurance Group Price Performance
Shares of NYSE HG opened at $36.46 on Friday. Hamilton Insurance Group has a 1-year low of $22.66 and a 1-year high of $37.31. The business has a 50-day moving average of $34.79 and a 200-day moving average of $33.36. 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 $3.60 billion, a price-to-earnings ratio of 5.84 and a beta of 0.36.
Hamilton Insurance Group (NYSE:HG – Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $1.56 EPS for the quarter. The business had revenue of $839.58 million for the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%. On average, equities analysts anticipate that Hamilton Insurance Group will post 4.90 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Timothy Duffin sold 28,500 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the completion of the sale, the insider directly owned 223,459 shares of the company’s stock, valued at approximately $7,716,039.27. This trade represents a 11.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the sale, the director directly owned 400,000 shares in the company, valued at $14,448,000. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. 3.02% of the stock is currently owned by company insiders.
Institutional Trading of Hamilton Insurance Group
Several large investors have recently modified their holdings of HG. Nisa Investment Advisors LLC grew its stake in Hamilton Insurance Group by 83.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,871 shares of the company’s stock valued at $293,000 after purchasing an additional 4,029 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Hamilton Insurance Group during the 2nd quarter worth approximately $34,000. Squarepoint Ops LLC increased its holdings in Hamilton Insurance Group by 32.1% during the 2nd quarter. Squarepoint Ops LLC now owns 47,685 shares of the company’s stock worth $1,618,000 after purchasing an additional 11,590 shares during the last quarter. Allworth Financial LP increased its holdings in Hamilton Insurance Group by 45.8% during the 2nd quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock worth $48,000 after purchasing an additional 442 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Hamilton Insurance Group by 3.9% in the 2nd quarter. Arizona State Retirement System now owns 12,887 shares of the company’s stock valued at $437,000 after purchasing an additional 478 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.
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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