Hamilton Insurance Group, Ltd. (NYSE:HG) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Hamilton Insurance Group has a “Moderate Buy” consensus rating from nine brokerages, with five buy ratings and four holds. The average 12-month price target is $36.13.
• Recent analyst actions were mixed: Wells Fargo and Citizens JMP raised their price targets to $39 and $42, respectively, while Wall Street Zen and Zacks Research downgraded the stock to “Hold.”
• Insiders recently sold shares, including transactions by Timothy Duffin and David Brown, while institutional ownership stands at 29.17%. HG opened at $33.69, with a market capitalization of $3.32 billion and a reported quarterly EPS of $1.56.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has earned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $36.1250.

HG has been the subject of several research reports. Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Thursday, July 9th. Citizens Jmp boosted their target price on Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a "market outperform" rating in a research report on Friday, August 7th. Wall Street Zen lowered Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Citigroup reiterated a "neutral" rating on shares of Hamilton Insurance Group in a report on Wednesday, August 12th. Finally, Zacks Research lowered Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 7th.

Insider Activity

In other news, insider Timothy Duffin sold 28,500 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the completion of the sale, the insider owned 223,459 shares in the company, valued at $7,716,039.27. The trade was a 11.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the sale, the director owned 400,000 shares of the company's stock, valued at approximately $14,448,000. This represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. 3.02% of the stock is currently owned by company insiders.

Institutional Trading of Hamilton Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in HG. Wellington Management Group LLP increased its stake in shares of Hamilton Insurance Group by 39.4% in the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company's stock valued at $196,094,000 after acquiring an additional 1,633,397 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in Hamilton Insurance Group during the 2nd quarter worth approximately $29,884,000. Dimensional Fund Advisors LP boosted its stake in Hamilton Insurance Group by 32.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company's stock worth $40,312,000 after acquiring an additional 332,405 shares during the last quarter. Sei Investments Co. boosted its stake in Hamilton Insurance Group by 72.9% during the 1st quarter. Sei Investments Co. now owns 380,717 shares of the company's stock worth $11,357,000 after acquiring an additional 160,575 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Hamilton Insurance Group by 10.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company's stock valued at $44,659,000 after purchasing an additional 140,474 shares during the period. Institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of HG stock opened at $33.69 on Wednesday. Hamilton Insurance Group has a 1 year low of $22.66 and a 1 year high of $37.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average is $35.16 and its 200-day moving average is $32.60. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 5.87 and a beta of 0.31.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. The business had revenue of $839.58 million during the quarter. Sell-side analysts forecast that Hamilton Insurance Group will post 4.89 EPS for the current fiscal year.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. NYSE: HG is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries and underwriting platforms, the group provides customized insurance solutions for commercial and specialty risks that may require specialized expertise or nonstandard coverage.

The company's offerings include property and casualty insurance, specialty liability, professional and financial lines, marine, energy, cyber, and other niche products. Hamilton also participates in the reinsurance market, helping insurers manage exposures through property and casualty reinsurance programs.

Hamilton serves clients and distribution partners in Bermuda, the United States, the United Kingdom, and other international markets.

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