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

Hamilton Insurance Group (NYSE:HG) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

HG has been the topic of a number of other reports. Citizens Jmp upped their price target on shares of Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. Barclays raised their price target on Hamilton Insurance Group from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Morgan Stanley set a $28.00 price objective on Hamilton Insurance Group in a report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $28.75.

Hamilton Insurance Group Trading Down 0.3%

Shares of NYSE HG opened at $28.18 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group has a one year low of $16.80 and a one year high of $28.70. The business has a 50-day moving average price of $25.91 and a two-hundred day moving average price of $23.77. The firm has a market capitalization of $2.77 billion, a PE ratio of 6.71 and a beta of 0.70.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.71 by $0.61. Hamilton Insurance Group had a net margin of 15.95% and a return on equity of 15.07%. The business had revenue of $667.65 million during the quarter, compared to analysts’ expectations of $537.70 million. As a group, analysts predict that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In related news, CEO Alexander James Baker sold 18,350 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $26.19, for a total transaction of $480,586.50. Following the completion of the sale, the chief executive officer owned 84,136 shares in the company, valued at $2,203,521.84. This represents a 17.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 17.46% of the company’s stock.

Institutional Investors Weigh In On Hamilton Insurance Group

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its position in Hamilton Insurance Group by 16.2% during the third quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after acquiring an additional 737,084 shares during the period. Donald Smith & CO. Inc. bought a new stake in Hamilton Insurance Group in the 2nd quarter valued at $14,272,000. Bridgeway Capital Management LLC grew its position in Hamilton Insurance Group by 398.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company’s stock worth $12,060,000 after purchasing an additional 465,152 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Hamilton Insurance Group by 101.9% during the third quarter. Dimensional Fund Advisors LP now owns 705,277 shares of the company’s stock valued at $17,490,000 after acquiring an additional 355,947 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Hamilton Insurance Group by 15.7% during the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock valued at $47,879,000 after purchasing an additional 301,334 shares during the period. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Company Profile

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.