Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $25.71 Consensus PT from Brokerages

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have received an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.00.

HG has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Hamilton Insurance Group from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Wednesday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a report on Tuesday. JMP Securities raised their price target on shares of Hamilton Insurance Group from $29.00 to $31.00 and gave the company a “market outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of Hamilton Insurance Group from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Keith Donald Bernhard sold 47,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $24.37, for a total transaction of $1,145,390.00. Following the transaction, the insider directly owned 53,893 shares in the company, valued at $1,313,372.41. This represents a 46.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.00, for a total transaction of $455,712.00. Following the transaction, the insider owned 64,512 shares in the company, valued at $1,548,288. This trade represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,988 shares of company stock worth $1,743,842 in the last ninety days. 17.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in Hamilton Insurance Group by 26.1% during the 1st quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company’s stock valued at $96,570,000 after acquiring an additional 963,021 shares during the last quarter. Nuveen LLC bought a new position in shares of Hamilton Insurance Group in the 1st quarter worth about $50,838,000. American Century Companies Inc. lifted its position in shares of Hamilton Insurance Group by 15.7% in the 2nd quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock worth $47,879,000 after buying an additional 301,334 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Hamilton Insurance Group by 21.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,357,876 shares of the company’s stock worth $29,357,000 after buying an additional 235,935 shares during the last quarter. Finally, Private Management Group Inc. lifted its position in shares of Hamilton Insurance Group by 0.6% in the 2nd quarter. Private Management Group Inc. now owns 891,164 shares of the company’s stock worth $19,267,000 after buying an additional 5,168 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $24.60 on Wednesday. Hamilton Insurance Group has a 52-week low of $16.80 and a 52-week high of $25.37. The firm has a fifty day moving average of $23.96 and a 200-day moving average of $21.64. The firm has a market capitalization of $2.46 billion, a P/E ratio of 6.79 and a beta of 0.82. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.54. The business had revenue of $712.03 million during the quarter, compared to analyst estimates of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. As a group, analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current year.

About Hamilton Insurance Group

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.