Hamilton Insurance Group (NYSE:HG) Stock Rating Upgraded by Wall Street Zen

Hamilton Insurance Group (NYSE:HG – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other analysts have also weighed in on HG. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Morgan Stanley reduced their target price on Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. 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. Finally, Citigroup reissued a “neutral” rating on shares of Hamilton Insurance Group in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.62.

View Our Latest Stock Report on Hamilton Insurance Group

Hamilton Insurance Group Stock Down 0.1%

NYSE HG opened at $36.89 on Friday. Hamilton Insurance Group has a twelve month low of $25.53 and a twelve month high of $38.14. The stock has a market cap of $3.64 billion, a PE ratio of 7.05 and a beta of 0.33. The firm has a 50-day simple moving average of $35.05 and a 200 day simple moving average of $32.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.68 and a current ratio of 0.68.

Hamilton Insurance Group (NYSE:HG – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.87. The firm had revenue of $828.04 million for the quarter, compared to analyst estimates of $693.46 million. Hamilton Insurance Group had a return on equity of 23.76% and a net margin of 16.83%. On average, research analysts forecast that Hamilton Insurance Group will post 4.90 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In other news, insider Timothy Duffin sold 28,500 shares of the company’s stock in a transaction that occurred on 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 directly owned 223,459 shares in the company, valued at approximately $7,716,039.27. This represents a 11.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Brown sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total value of $1,806,000.00. Following the completion of the transaction, the director directly owned 400,000 shares of the company’s stock, valued at approximately $14,448,000. The trade was a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HG. Knights of Columbus Asset Advisors LLC boosted its position in Hamilton Insurance Group by 0.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 91,511 shares of the company’s stock valued at $3,024,000 after buying an additional 430 shares in the last quarter. Allworth Financial LP grew its stake in Hamilton Insurance Group by 45.8% during the second quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock worth $48,000 after buying an additional 442 shares during the last quarter. Kendall Capital Management grew its stake in Hamilton Insurance Group by 1.2% during the third quarter. Kendall Capital Management now owns 40,944 shares of the company’s stock worth $1,353,000 after buying an additional 475 shares during the last quarter. Arizona State Retirement System grew its stake in Hamilton Insurance Group by 3.9% during the second quarter. Arizona State Retirement System now owns 12,887 shares of the company’s stock worth $437,000 after buying an additional 478 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of Hamilton Insurance Group by 9.2% during the third quarter. Ritholtz Wealth Management now owns 7,569 shares of the company’s stock worth $250,000 after buying an additional 638 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Company Profile

(Get Free Report)

Hamilton Insurance Group is a global specialty insurance and reinsurance company headquartered in Bermuda. Founded in 2013, it operates through businesses in Bermuda, the United States and the United Kingdom.

The company underwrites a range of property, casualty and specialty risks, offering insurance and reinsurance products to businesses and other clients. Its operations include Hamilton Re in Bermuda, Hamilton Global Specialty in London and Hamilton Select in the United States.

Pina Albo became Hamilton Insurance Group’s chief executive officer in 2023.

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Analyst Recommendations for Hamilton Insurance Group (NYSE:HG)

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