Hamilton Insurance Group, Ltd. (NYSE:HG) Given Consensus Recommendation of "Moderate Buy" by Analysts

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.43.

HG has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, August 14th. JMP Securities upped their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 8th. Wells Fargo & Company increased their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Barclays started coverage on shares of Hamilton Insurance Group in a report on Wednesday, September 4th. They set an "overweight" rating and a $26.00 target price on the stock. Finally, Morgan Stanley cut shares of Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 price target for the company. in a research report on Monday, August 19th.

Insider Buying and Selling

In other news, CAO Brian John Deegan sold 17,500 shares of the firm'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 sale, the chief accounting officer now owns 20,824 shares of the company's stock, valued at $399,404.32. This trade represents a 45.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HG. Wellington Management Group LLP increased its holdings in Hamilton Insurance Group by 198.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company's stock worth $71,859,000 after acquiring an additional 2,469,422 shares in the last quarter. American Century Companies Inc. grew its position in Hamilton Insurance Group by 17.7% in the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company's stock worth $34,704,000 after acquiring an additional 313,417 shares in the last quarter. State Street Corp increased its stake in Hamilton Insurance Group by 133.3% during the third quarter. State Street Corp now owns 532,632 shares of the company's stock worth $10,301,000 after acquiring an additional 304,371 shares during the last quarter. Acadian Asset Management LLC raised its position in Hamilton Insurance Group by 80.3% during the second quarter. Acadian Asset Management LLC now owns 496,981 shares of the company's stock valued at $8,265,000 after purchasing an additional 221,372 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $9,419,000. Institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $19.14 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.94 billion and a PE ratio of 4.28. The company's fifty day moving average is $18.42 and its 200 day moving average is $17.69. Hamilton Insurance Group has a 52 week low of $12.44 and a 52 week high of $20.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (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 business 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 EPS. Research analysts anticipate that Hamilton Insurance Group will post 4.03 earnings per share for the current year.

Hamilton Insurance Group Company Profile

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.