Hamilton Insurance Group, Ltd. (NYSE:HG) Stock Has Consensus Target Price of $36.00

Key Points

• Analyst sentiment is moderately bullish: Hamilton Insurance Group has a “Moderate Buy” consensus from nine analysts, with five buys and four holds. The average 12-month price target is $36.00, near the reported share price of $36.13.
• Recent financial performance was solid: The company reported quarterly EPS of $1.56 on revenue of $839.58 million, alongside a 22.60% return on equity and 19.56% net margin.
• Ownership activity was mixed: Insiders sold shares, including 28,500 shares by Timothy Duffin and 50,000 shares by Director David A. Brown, while institutional investors own 29.17% of the company and several major funds increased their stakes.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.00.

Several equities analysts have recently commented on HG shares. Citizens Jmp boosted their price objective on Hamilton Insurance Group from $40.00 to $42.00 and gave the company a "market outperform" rating in a research report on Friday, August 7th. Weiss Ratings cut Hamilton Insurance Group from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, October 6th. Wells Fargo & Company cut their target price on Hamilton Insurance Group from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Monday, October 12th. Wall Street Zen downgraded Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Zacks Research cut Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 7th.

Hamilton Insurance Group Trading Up 1.8%

Shares of Hamilton Insurance Group stock opened at $36.13 on Friday. The company has a market capitalization of $3.56 billion, a P/E ratio of 6.29 and a beta of 0.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The company has a fifty day moving average of $34.74 and a 200 day moving average of $33.24. Hamilton Insurance Group has a fifty-two week low of $22.66 and a fifty-two week high of $37.31.

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 (EPS) for the quarter. The business had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%. On average, sell-side analysts anticipate that Hamilton Insurance Group will post 4.90 earnings per share for the current fiscal year.

Insider Activity at Hamilton Insurance Group

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 sale, the insider owned 223,459 shares in the company, valued at $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Brown sold 50,000 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 400,000 shares in the company, valued at $14,448,000. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.02% of the company's stock.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in 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. Arrowstreet Capital Limited Partnership lifted its stake in Hamilton Insurance Group by 10.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company's stock worth $44,659,000 after purchasing an additional 140,474 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 valued at $40,312,000 after purchasing an additional 332,405 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Hamilton Insurance Group by 9.5% during the 1st quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company's stock valued at $31,309,000 after purchasing an additional 90,655 shares during the last quarter. Finally, Donald Smith & CO. Inc. bought a new position in shares of Hamilton Insurance Group during the 2nd quarter valued at about $29,884,000. Institutional investors own 29.17% of the company's stock.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. is a Bermuda-based specialty insurance and reinsurance company. Through its operating platforms, the company provides underwriting capacity for commercial and specialty risks, serving clients, brokers and strategic partners in insurance markets around the world.

Hamilton's business includes property and casualty insurance and reinsurance, with offerings spanning specialty lines such as marine, energy, aviation, professional liability and other commercial risks.

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