Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $33.43 Consensus Target Price from Analysts

Hamilton Insurance Group, Ltd. (NYSE:HG) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $34.00.

HG has been the topic of several recent research reports. UBS Group set a $33.00 price target on Hamilton Insurance Group in a research report on Thursday. Morgan Stanley raised their price target on Hamilton Insurance Group from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Wells Fargo & Company raised their price target on Hamilton Insurance Group from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citizens Jmp raised their price target on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Finally, Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research report on Friday, May 1st.

Hamilton Insurance Group Price Performance

HG opened at $31.55 on Thursday. The stock’s 50 day simple moving average is $30.80 and its 200 day simple moving average is $28.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. Hamilton Insurance Group has a 1 year low of $20.39 and a 1 year high of $33.72. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 5.16 and a beta of 0.58.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results 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 business had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. As a group, analysts predict that Hamilton Insurance Group will post 3.95 earnings per share for the current year.

Insider Transactions at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 11,000 shares of Hamilton Insurance Group stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total value of $337,590.00. Following the sale, the chief accounting officer directly owned 71,347 shares in the company, valued at approximately $2,189,639.43. This trade represents a 13.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the sale, the director owned 450,000 shares in the company, valued at approximately $14,472,000. This represents a 7.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 70,105 shares of company stock worth $2,220,158. 3.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position 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 buying an additional 410 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Hamilton Insurance Group by 3.4% in the 3rd quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock valued at $344,000 after purchasing an additional 458 shares during the period. Alps Advisors Inc. lifted its stake in shares of Hamilton Insurance Group by 2.6% in the 3rd quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock valued at $466,000 after purchasing an additional 469 shares during the period. Parallel Advisors LLC lifted its stake in shares of Hamilton Insurance Group by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after purchasing an additional 735 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $25,000. 29.17% of the stock is currently 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.