Hamilton Insurance Group, Ltd. (NYSE:HG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Hamilton Insurance Group a “Moderate Buy” consensus, with five buy ratings and four holds among nine analysts. The average 12-month price target is $36.13, modestly above the stock’s $35.34 opening price.
• Hamilton reported quarterly earnings of $1.56 per share on $839.58 million in revenue, with a 19.56% net margin and 22.60% return on equity. Analysts expect full-year EPS of approximately $4.89.
• Institutional investors and hedge funds own 29.17% of the company, with several firms recently initiating or increasing positions in the specialty property and casualty insurer.

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $36.1250.

HG has been the topic of a number of research reports. Zacks Research lowered shares of Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th. UBS Group set a $33.00 price target on shares of Hamilton Insurance Group in a research note on Thursday, May 21st. Citigroup reaffirmed a "neutral" rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. Morgan Stanley increased their price objective on Hamilton Insurance Group from $34.00 to $37.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th.

Hamilton Insurance Group Stock Up 0.2%

Shares of NYSE:HG opened at $35.34 on Friday. The firm has a market capitalization of $3.48 billion, a PE ratio of 6.16 and a beta of 0.33. Hamilton Insurance Group has a 1 year low of $22.66 and a 1 year high of $37.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. The firm's 50-day moving average is $34.77 and its two-hundred day moving average is $32.09.

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

Hedge Funds Weigh In On Hamilton Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in Hamilton Insurance Group in the fourth quarter valued at approximately $25,000. KBC Group NV acquired a new position in Hamilton Insurance Group during the 1st quarter worth approximately $65,000. Royal Bank of Canada grew its holdings in Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company's stock worth $84,000 after acquiring an additional 410 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Hamilton Insurance Group by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company's stock valued at $131,000 after purchasing an additional 735 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at approximately $112,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.

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