Hamilton Insurance Group, Ltd. (NYSE:HG) Stock Has Consensus Target Price of $36.00

Hamilton Insurance Group, Ltd. (NYSE:HG) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $36.00.

Several equities analysts have recently commented on HG shares. Morgan Stanley decreased their price target on Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Barclays increased their target price on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Wells Fargo & Company cut their price target on shares of Hamilton Insurance Group from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

Hamilton Insurance Group Stock Up 1.6%

Shares of HG stock opened at $37.09 on Friday. Hamilton Insurance Group has a 1-year low of $22.66 and a 1-year high of $37.31. The stock’s fifty day moving average price is $34.86 and its 200 day moving average price is $33.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 5.92 and a beta of 0.36.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%. On average, research analysts expect that Hamilton Insurance Group will post 4.90 earnings per share for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other news, insider Timothy Duffin sold 28,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $34.53, for a total value of $984,105.00. Following the transaction, the insider owned 223,459 shares of the company’s stock, valued at approximately $7,716,039.27. The trade was a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Brown sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total value of $1,806,000.00. Following the sale, the director owned 400,000 shares of the company’s stock, valued at $14,448,000. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. 3.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

Large investors have recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of Hamilton Insurance Group by 45.8% during the second quarter. Allworth Financial LP now owns 1,407 shares of the company’s stock worth $48,000 after acquiring an additional 442 shares during the period. Arizona State Retirement System lifted its position in Hamilton Insurance Group by 3.9% in the second quarter. Arizona State Retirement System now owns 12,887 shares of the company’s stock valued at $437,000 after purchasing an additional 478 shares during the period. Parallel Advisors LLC lifted its position in Hamilton Insurance Group by 20.0% in the first 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. Corient Private Wealth LLC boosted its holdings in Hamilton Insurance Group by 8.5% in the 4th quarter. Corient Private Wealth LLC now owns 12,095 shares of the company’s stock valued at $337,000 after purchasing an additional 950 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Hamilton Insurance Group in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.