Hamilton Insurance Group (NYSE:HG) Sets New 52-Week High at $17.73

Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $17.73 and last traded at $17.64, with a volume of 156434 shares trading hands. The stock had previously closed at $17.30.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HG shares. Wells Fargo & Company raised their price objective on shares of Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.00 price objective (up from $20.00) on shares of Hamilton Insurance Group in a report on Thursday, May 16th. Morgan Stanley cut their price objective on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, JMP Securities increased their target price on shares of Hamilton Insurance Group from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 9th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $20.00.

Read Our Latest Report on HG

Hamilton Insurance Group Stock Performance

The stock has a market cap of $1.94 billion and a PE ratio of 5.28. The company’s 50-day moving average price is $14.97 and its two-hundred day moving average price is $14.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.83 and a current ratio of 0.83.

Hamilton Insurance Group (NYSE:HGGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.30. The company had revenue of $658.65 million for the quarter, compared to analysts’ expectations of $464.96 million. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. On average, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 3.43 EPS for the current year.

Insider Activity

In other Hamilton Insurance Group news, Director Alan Neil Patterson acquired 21,135 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were acquired at an average price of $16.66 per share, with a total value of $352,109.10. Following the completion of the purchase, the director now directly owns 21,135 shares of the company’s stock, valued at approximately $352,109.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Brian John Deegan sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $16.70, for a total transaction of $367,400.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,957 shares of the company’s stock, valued at $316,581.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Neil Patterson acquired 21,135 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were bought at an average cost of $16.66 per share, with a total value of $352,109.10. Following the completion of the acquisition, the director now directly owns 21,135 shares of the company’s stock, valued at $352,109.10. The disclosure for this purchase can be found here. Insiders own 2.70% of the company’s stock.

Institutional Trading of Hamilton Insurance Group

Large investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in shares of Hamilton Insurance Group during the fourth quarter worth $25,000. American International Group Inc. bought a new position in shares of Hamilton Insurance Group during the first quarter worth $115,000. Fifth Lane Capital LP bought a new position in shares of Hamilton Insurance Group during the first quarter worth $151,000. Oxford Asset Management LLP bought a new position in shares of Hamilton Insurance Group during the fourth quarter worth $199,000. Finally, California State Teachers Retirement System bought a new position in shares of Hamilton Insurance Group during the first quarter worth $233,000. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Company Profile

(Get Free Report)

Hamilton Insurance Group, Ltd., through its subsidiaries, provides underwriting specialty insurance and reinsurance risks in Bermuda and internationally. The company operates Hamilton Global Specialty, Hamilton Select, and Hamilton Re underwriting platforms. The company offers casualty reinsurance products, such as commercial motor, general liability, healthcare, multiline, personal motor, professional liability, umbrella and excess casualty, and worker's compensation and employer's liability reinsurance; property reinsurance and insurance; and specialty reinsurance solutions, including accident and health, aviation and space, crisis management, mortgage, financial lines, marine and energy, and multiline specialty.

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