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

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $20.82 and last traded at $20.72, with a volume of 137529 shares trading hands. The stock had previously closed at $19.87.

Wall Street Analysts Forecast Growth

HG has been the subject of a number of recent analyst reports. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. 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 report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.80.

Hamilton Insurance Group Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 4.67 and a beta of 0.92. The stock has a 50-day moving average price of $19.03 and a 200 day moving average price of $18.80.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 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 for the quarter, compared to analyst estimates of $460.17 million. As a group, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Remove Ads

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently modified their holdings of HG. US Bancorp DE purchased a new position in Hamilton Insurance Group during the 3rd quarter worth $107,000. Entropy Technologies LP acquired a new stake in shares of Hamilton Insurance Group during the third quarter worth about $286,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Hamilton Insurance Group during the third quarter worth about $251,000. Landscape Capital Management L.L.C. acquired a new position in Hamilton Insurance Group in the 3rd quarter valued at about $197,000. Finally, Charles Schwab Investment Management Inc. raised 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 valued at $2,143,000 after acquiring an additional 70,732 shares during the last quarter. 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.