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

Hamilton Insurance Group, Ltd. (NYSE:HG) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $34.00.

HG has been the topic of a number of analyst reports. Barclays upped their price objective on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Zacks Research raised shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st. Citizens Jmp increased their price target on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday.

Insider Buying and Selling

In other Hamilton Insurance Group news, Director David A. Brown sold 37,300 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the transaction, the director directly owned 450,000 shares in the company, valued at approximately $14,472,000. This represents a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian John Deegan sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total transaction of $337,590.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 70,105 shares of company stock valued at $2,220,158 over the last 90 days. Company insiders own 3.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in Hamilton Insurance Group by 186.0% in the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock worth $1,190,000 after purchasing an additional 37,329 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hamilton Insurance Group by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock valued at $510,000 after purchasing an additional 2,071 shares during the period. Millennium Management LLC boosted its position in shares of Hamilton Insurance Group by 9.7% during the 1st quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock worth $9,180,000 after purchasing an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Hamilton Insurance Group by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after buying an additional 20,926 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Hamilton Insurance Group by 87.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock valued at $1,777,000 after buying an additional 39,927 shares in the last quarter. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Price Performance

Shares of HG opened at $31.86 on Monday. The business has a 50-day moving average of $31.14 and a 200-day moving average of $29.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 5.21 and a beta of 0.45. Hamilton Insurance Group has a 1 year low of $20.44 and a 1 year high of $33.72.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.08 by $0.56. The business had revenue of $758.91 million for the quarter, compared to analysts’ expectations of $933.90 million. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%. As a group, equities research analysts anticipate that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

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.