Hamilton Insurance Group (NYSE:HG) Sees Large Volume Increase - Still a Buy?

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,277,887 shares changed hands during mid-day trading, an increase of 174% from the previous session's volume of 466,466 shares.The stock last traded at $18.51 and had previously closed at $18.53.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price target 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 lowered their price target on Hamilton Insurance Group from $26.00 to $24.00 and set an "overweight" rating for the company in a report on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.20.

Hamilton Insurance Group Price Performance

The company has a fifty day moving average price of $18.59 and a two-hundred day moving average price of $18.09. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.15 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same period in the previous year, the business posted $0.41 earnings per share. On average, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Hamilton Insurance Group by 63.7% during the second quarter. Bank of New York Mellon Corp now owns 51,359 shares of the company's stock worth $855,000 after acquiring an additional 19,991 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Hamilton Insurance Group in the 2nd quarter valued at about $213,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hamilton Insurance Group in the second quarter valued at about $156,000. Rhumbline Advisers boosted its holdings in Hamilton Insurance Group by 52.0% during the second quarter. Rhumbline Advisers now owns 25,068 shares of the company's stock worth $417,000 after buying an additional 8,572 shares in the last quarter. Finally, Acadian Asset Management LLC grew 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 worth $8,265,000 after buying an additional 221,372 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Insurance Group

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.