Hamilton Insurance Group (NYSE:HG) Reaches New 12-Month High – Should You Buy?

Hamilton Insurance Group, Ltd. (NYSE:HG)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $28.72 and last traded at $28.5630, with a volume of 155233 shares trading hands. The stock had previously closed at $28.37.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Barclays lifted their price target on shares of Hamilton Insurance Group from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $28.00 target price on Hamilton Insurance Group in a research note on Tuesday, December 16th. Finally, Citizens Jmp upped their price target on Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two 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 $29.13.

Hamilton Insurance Group Price Performance

The company has a market capitalization of $2.81 billion, a P/E ratio of 6.81 and a beta of 0.69. The business’s 50-day moving average is $26.00 and its two-hundred day moving average is $23.84. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.61. The firm had revenue of $667.65 million during the quarter, compared to the consensus estimate of $537.70 million. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%. As a group, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Alexander James Baker sold 18,350 shares of Hamilton Insurance Group stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $26.19, for a total value of $480,586.50. Following the completion of the transaction, the chief executive officer directly owned 84,136 shares in the company, valued at approximately $2,203,521.84. The trade was a 17.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its position in Hamilton Insurance Group by 4.0% in the 1st quarter. Invesco Ltd. now owns 25,442 shares of the company’s stock worth $527,000 after buying an additional 987 shares during the last quarter. Corebridge Financial Inc. raised its stake in shares of Hamilton Insurance Group by 3.1% during the first quarter. Corebridge Financial Inc. now owns 20,297 shares of the company’s stock worth $421,000 after acquiring an additional 616 shares in the last quarter. Trexquant Investment LP raised its stake in shares of Hamilton Insurance Group by 94.1% during the first quarter. Trexquant Investment LP now owns 223,166 shares of the company’s stock worth $4,626,000 after acquiring an additional 108,218 shares in the last quarter. New Vernon Investment Management LLC lifted its holdings in shares of Hamilton Insurance Group by 65.5% in the 1st quarter. New Vernon Investment Management LLC now owns 73,891 shares of the company’s stock worth $1,532,000 after acquiring an additional 29,248 shares during the last quarter. Finally, Dark Forest Capital Management LP boosted its stake in shares of Hamilton Insurance Group by 983.7% in the 1st quarter. Dark Forest Capital Management LP now owns 177,162 shares of the company’s stock valued at $3,673,000 after purchasing an additional 160,814 shares in the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

About Hamilton Insurance Group

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.