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

Hamilton Insurance Group, Ltd. (NYSE:HG) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.1250.

Several equities analysts have recently weighed in on the company. UBS Group set a $33.00 target price on Hamilton Insurance Group in a research report on Thursday, May 21st. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup reissued an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday, May 1st. Morgan Stanley raised their price objective on Hamilton Insurance Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Citizens Jmp lifted their target price on shares of Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research note on Friday, May 1st.

Insider Activity

In other news, CAO Brian John Deegan sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total value of $337,590.00. Following the transaction, the chief accounting officer directly owned 71,347 shares of the company’s stock, valued at approximately $2,189,639.43. This trade represents a 13.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total transaction of $185,955.75. Following the transaction, the treasurer owned 39,629 shares in the company, valued at $1,213,043.69. The trade was a 13.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,105 shares of company stock worth $2,220,158 over the last three months. Insiders own 3.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $25,000. Chesapeake Asset Management LLC boosted its stake in Hamilton Insurance Group by 487.8% during the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock worth $34,000 after buying an additional 1,000 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Hamilton Insurance Group by 112.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after buying an additional 937 shares in the last quarter. KBC Group NV purchased a new stake in Hamilton Insurance Group in the 1st quarter valued at $65,000. Finally, Royal Bank of Canada increased its stake in shares of Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after acquiring an additional 410 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Stock Down 1.0%

HG opened at $34.13 on Friday. The company has a market cap of $3.39 billion, a PE ratio of 5.59 and a beta of 0.35. Hamilton Insurance Group has a twelve month low of $20.44 and a twelve month high of $35.20. The company has a 50-day moving average price of $31.72 and a 200 day moving average price of $30.16. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The company had revenue of $758.91 million for the quarter, compared to analysts’ expectations of $933.90 million. Sell-side analysts expect that Hamilton Insurance Group will post 4.12 earnings per share for the current fiscal year.

About Hamilton Insurance Group

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.