Hamilton Insurance Group, Ltd. (NYSE:HG) Stock Has Consensus Target Price of $36.62 According to Brokerages

Key Points

• Analyst sentiment is broadly positive: Nine brokerages rate Hamilton Insurance Group a “Moderate Buy”—four Buy, two Strong Buy and three Hold—with an average 12-month price target of $36.62.
• Quarterly results beat estimates: Hamilton reported EPS of $1.78 versus the $0.91 consensus and revenue of $828.04 million versus expectations of $693.46 million.
• Shares opened at $38.59, above the average analyst price target; the stock’s 52-week range is $25.53 to $38.99.

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have earned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $36.62.

A number of equities analysts recently issued reports on HG shares. Wells Fargo & Company raised their price target on Hamilton Insurance Group from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, November 2nd. Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Wednesday, November 4th. Wall Street Zen raised Hamilton Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday, November 7th. Zacks Research raised Hamilton Insurance Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 29th. Finally, Citizens Jmp increased their price objective 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.

Hamilton Insurance Group Stock Down 0.6%

Shares of NYSE:HG opened at $38.59 on Thursday. The stock has a market cap of $3.81 billion, a P/E ratio of 7.38 and a beta of 0.33. The firm has a fifty day moving average price of $35.23 and a 200 day moving average price of $32.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.68 and a quick ratio of 0.68. Hamilton Insurance Group has a 1-year low of $25.53 and a 1-year high of $38.99.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.87. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 23.76%. The company had revenue of $828.04 million for the quarter, compared to analyst estimates of $693.46 million. Sell-side analysts predict that Hamilton Insurance Group will post 5.48 EPS for the current year.

Insider Buying and Selling

In other news, insider Timothy Duffin sold 28,500 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was 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. This represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Brown sold 50,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total value of $1,806,000.00. Following the sale, the director directly owned 400,000 shares of the company's stock, valued at approximately $14,448,000. This represents a 11.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.02% of the company's stock.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted 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 worth $196,094,000 after acquiring an additional 1,633,397 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of 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 worth $44,659,000 after acquiring an additional 140,474 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hamilton Insurance Group by 32.6% during the first 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 period. Lazard Asset Management LLC increased its stake in shares of Hamilton Insurance Group by 9.5% during the first quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company's stock worth $31,309,000 after acquiring an additional 90,655 shares during the period. Finally, Boston Partners raised its holdings in Hamilton Insurance Group by 57.4% during the third quarter. Boston Partners now owns 981,183 shares of the company's stock worth $32,550,000 after purchasing an additional 357,725 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

About Hamilton Insurance Group

Hamilton Insurance Group is a global specialty insurance and reinsurance company headquartered in Bermuda. Founded in 2013, it operates through businesses in Bermuda, the United States and the United Kingdom. The company underwrites a range of property, casualty and specialty risks, offering insurance and reinsurance products to businesses and other clients. Its operations include Hamilton Re in Bermuda, Hamilton Global Specialty in London and Hamilton Select in the United States. Pina Albo became Hamilton Insurance Group's chief executive officer in 2023.

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