Hamilton Insurance Group (NYSE:HG) Hits New 1-Year High - Here's What Happened

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $21.05 and last traded at $21.02, with a volume of 421540 shares traded. The stock had previously closed at $20.72.

Analyst Ratings Changes

HG has been the topic of a number of analyst reports. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday, February 27th. Keefe, Bruyette & Woods upped their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Wells Fargo & Company upped their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.80.

Hamilton Insurance Group Price Performance

The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 4.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The business has a 50 day moving average price of $19.38 and a 200-day moving average price of $18.88.

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Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.44). The business had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. Research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Activity

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total value of $79,485.00. Following the transaction, the chief executive officer now owns 199,923 shares in the company, valued at approximately $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 15,000 shares of company stock valued at $311,566 in the last ninety days. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Hamilton Insurance Group by 295.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after acquiring an additional 1,133 shares in the last quarter. Quarry LP lifted its holdings in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company's stock valued at $32,000 after purchasing an additional 1,341 shares in the last quarter. Spire Wealth Management bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $38,000. Bfsg LLC bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $77,000. Finally, Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group in the third quarter valued at approximately $97,000. Institutional investors own 29.17% of the company's stock.

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.