Barclays Issues Pessimistic Forecast for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HG - Free Report) had its target price lowered by Barclays from $26.00 to $24.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.20.

Hamilton Insurance Group Stock Performance

NYSE:HG traded up $0.01 during mid-day trading on Monday, hitting $18.54. The company's stock had a trading volume of 1,568,976 shares, compared to its average volume of 784,525. The business's fifty day moving average is $18.59 and its two-hundred day moving average is $18.09. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 4.15 and a beta of 1.03. Hamilton Insurance Group has a 1 year low of $12.44 and a 1 year high of $20.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same period last year, the company earned $0.41 earnings per share. Analysts anticipate that Hamilton Insurance Group will post 4.03 EPS for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the sale, the chief accounting officer now owns 20,824 shares of the company's stock, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company's stock worth $2,143,000 after purchasing an additional 70,732 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hamilton Insurance Group during the third quarter worth about $525,000. Barclays PLC grew its stake in Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company's stock valued at $1,114,000 after acquiring an additional 51,561 shares in the last quarter. American Century Companies Inc. grew its stake in Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company's stock valued at $34,704,000 after acquiring an additional 313,417 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock valued at $9,197,000 after acquiring an additional 274,483 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

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.