Hamilton Insurance Group (NYSE:HG) Reaches New 12-Month High - What's Next?

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.64 and last traded at $21.58, with a volume of 39662 shares. The stock had previously closed at $21.34.

Wall Street Analysts Forecast Growth

Several analysts have commented on HG shares. Wells Fargo & Company raised their price objective on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. Keefe, Bruyette & Woods upped their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Finally, JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Hamilton Insurance Group currently has an average rating of "Moderate Buy" and an average target price of $23.80.

Hamilton Insurance Group Price Performance

The stock has a market capitalization of $2.16 billion, a P/E ratio of 4.77 and a beta of 0.92. The firm has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $18.96. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

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Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $543.94 million during the quarter, compared to analysts' expectations of $460.17 million. On average, analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the transaction, the chief executive officer now owns 199,923 shares of the company's stock, valued at approximately $4,198,383. The trade was a 1.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 15,000 shares of company stock valued at $311,566. 2.70% of the stock is owned by corporate insiders.

Institutional Trading of Hamilton Insurance Group

Large investors have recently made changes to their positions in the stock. Voya Investment Management LLC grew its position in Hamilton Insurance Group by 3.2% in the 4th quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock worth $412,000 after purchasing an additional 679 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hamilton Insurance Group by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company's stock worth $429,000 after acquiring an additional 886 shares during the period. Sterling Capital Management LLC increased its position in Hamilton Insurance Group by 295.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after acquiring an additional 1,133 shares during the last quarter. Quarry LP boosted its position in Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company's stock worth $32,000 after purchasing an additional 1,341 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Hamilton Insurance Group by 5.9% during the 4th quarter. California State Teachers Retirement System now owns 26,745 shares of the company's stock valued at $509,000 after purchasing an additional 1,501 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., 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.