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

Hamilton Insurance Group, Ltd. (NYSE:HG) has earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $32.2857.

Several research analysts have recently commented on the company. Morgan Stanley set a $28.00 target price on Hamilton Insurance Group in a report on Tuesday, December 16th. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Barclays restated an “overweight” rating and set a $35.00 target price on shares of Hamilton Insurance Group in a report on Friday, February 20th. Finally, Wells Fargo & Company raised their target price 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.

Hedge Funds Weigh In On Hamilton Insurance Group

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC bought a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $25,000. Chesapeake Asset Management LLC grew its stake in shares of Hamilton Insurance Group by 487.8% during the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Hamilton Insurance Group by 1,404.4% during the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after purchasing an additional 1,587 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Hamilton Insurance Group by 112.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after purchasing an additional 937 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Hamilton Insurance Group in the 3rd quarter worth approximately $71,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Price Performance

NYSE:HG opened at $29.82 on Wednesday. The firm has a market cap of $2.95 billion, a PE ratio of 5.35 and a beta of 0.56. Hamilton Insurance Group has a 12 month low of $16.80 and a 12 month high of $32.21. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $29.35 and its two-hundred day moving average price is $27.12.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Saturday, February 14th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.96. The firm had revenue of $728.33 million for the quarter, compared to analysts’ expectations of $621.00 million. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. On average, equities analysts anticipate that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Hamilton Insurance Group Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 6th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 6th.

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.