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

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $21.50 and last traded at $19.77, with a volume of 302 shares traded. The stock had previously closed at $19.72.

Wall Street Analysts Forecast Growth

HG has been the topic of several research analyst reports. Barclays cut their price objective on Hamilton Insurance Group from $26.00 to $24.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.20.

Hamilton Insurance Group Price Performance

The company has a 50 day moving average of $19.02 and a 200 day moving average of $18.51. 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 stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 4.22 and a beta of 1.02.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The business had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same period in the previous year, the company posted $0.41 earnings per share. As a group, equities research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares in the company, valued at approximately $399,404.32. This represents a 45.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HG. Quarry LP lifted its position in shares of Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company's stock worth $32,000 after buying an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth $34,000. Spire Wealth Management purchased a new stake in Hamilton Insurance Group in the fourth quarter valued at $38,000. Rhumbline Advisers boosted its stake in Hamilton Insurance Group by 6.9% in the fourth quarter. Rhumbline Advisers now owns 57,207 shares of the company's stock valued at $1,089,000 after acquiring an additional 3,699 shares in the last quarter. Finally, Bfsg LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter worth about $77,000. 29.17% of the stock is owned by institutional investors and hedge funds.

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.