Hamilton Insurance Group, Ltd. (NYSE:HG) Stock Has Average Price Target of $36.12

Hamilton Insurance Group, Ltd. (NYSE:HG) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $36.12.

Several research firms have weighed in on HG. Weiss Ratings upgraded shares of Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, September 22nd. Citigroup reissued a “neutral” rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Wall Street Zen lowered Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company raised their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Barclays lifted their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th.

Hamilton Insurance Group Trading Up 0.5%

Shares of NYSE:HG opened at $33.40 on Wednesday. The stock’s 50-day simple moving average is $35.04 and its two-hundred day simple moving average is $32.75. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 5.82 and a beta of 0.31. Hamilton Insurance Group has a 52-week low of $22.66 and a 52-week high of $37.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. The firm had revenue of $839.58 million for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. Analysts expect that Hamilton Insurance Group will post 4.89 EPS for the current year.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Timothy Duffin sold 28,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the sale, the insider owned 223,459 shares in the company, valued at approximately $7,716,039.27. This trade represents a 11.31% decrease in their position. The transaction was disclosed in a legal filing 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 that occurred on Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the transaction, the director directly owned 400,000 shares in the company, valued at $14,448,000. This 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 insiders.

Institutional Trading of Hamilton Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of HG. Wellington Management Group LLP grew its holdings in Hamilton Insurance Group by 39.4% during 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. purchased a new position in shares of Hamilton Insurance Group in the second quarter worth $29,884,000. Dimensional Fund Advisors LP lifted its holdings in shares of Hamilton Insurance Group by 32.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock worth $40,312,000 after buying an additional 332,405 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Hamilton Insurance Group by 72.9% in the first quarter. Sei Investments Co. now owns 380,717 shares of the company’s stock worth $11,357,000 after buying an additional 160,575 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Hamilton Insurance Group by 10.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock worth $44,659,000 after acquiring an additional 140,474 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company’s offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.