Hamilton Insurance Group (NYSE:HG) Share Price Breaks Above 50-Day Moving Average – Should You Sell?

Hamilton Insurance Group, Ltd. (NYSE:HG)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $34.88 and traded as high as $35.64. Hamilton Insurance Group shares last traded at $35.02, with a volume of 588,547 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on HG shares. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a)” rating in a research note on Wednesday, October 21st. Wall Street Zen lowered Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Morgan Stanley reduced their price target on shares of Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Hamilton Insurance Group Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 6.70 and a beta of 0.36. The company’s 50 day moving average price is $34.88 and its 200-day moving average price is $32.29.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.87. The business had revenue of $828.04 million for the quarter, compared to analyst estimates of $693.46 million. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 24.05%. On average, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.90 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Timothy Duffin sold 28,500 shares of Hamilton Insurance Group stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $34.53, for a total transaction of $984,105.00. Following the completion of the sale, the insider owned 223,459 shares of the company’s stock, valued at approximately $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total value of $1,806,000.00. Following the sale, the director directly owned 400,000 shares of the company’s stock, valued at approximately $14,448,000. The trade was a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.02% of the company’s stock.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in shares of Hamilton Insurance Group by 39.4% in the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock valued at $196,094,000 after buying an additional 1,633,397 shares in the last quarter. Donald Smith & CO. Inc. bought a new stake in Hamilton Insurance Group in the second quarter worth approximately $29,884,000. Dimensional Fund Advisors LP increased its stake in shares of Hamilton Insurance Group by 32.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock worth $40,312,000 after purchasing an additional 332,405 shares during the last quarter. Sei Investments Co. increased its stake in shares of Hamilton Insurance Group by 72.9% during the 1st quarter. Sei Investments Co. now owns 380,717 shares of the company’s stock worth $11,357,000 after purchasing an additional 160,575 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Hamilton Insurance Group by 10.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock valued at $44,659,000 after purchasing an additional 140,474 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

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.