Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Target Price at $25.43

Key Points

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Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $25.4286.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $24.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Barclays lifted their target price on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. JMP Securities boosted their target price on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Citigroup initiated coverage on shares of Hamilton Insurance Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $25.00 target price for the company.

Hamilton Insurance Group Stock Up 0.1%

Shares of Hamilton Insurance Group stock traded up $0.02 on Tuesday, hitting $24.11. 441,654 shares of the company traded hands, compared to its average volume of 507,452. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group has a 12-month low of $16.80 and a 12-month high of $24.54. The company has a 50-day moving average price of $21.74 and a 200 day moving average price of $20.51. The company has a market cap of $2.41 billion, a PE ratio of 6.66 and a beta of 0.81.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.54. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%.The firm had revenue of $712.03 million during the quarter, compared to analysts' expectations of $519.50 million. Sell-side analysts predict that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other Hamilton Insurance Group news, insider Alexander James Baker sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total value of $142,740.00. Following the completion of the sale, the insider directly owned 116,338 shares of the company's stock, valued at $2,767,681.02. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $24.00, for a total transaction of $455,712.00. Following the completion of the sale, the insider directly owned 64,512 shares of the company's stock, valued at $1,548,288. This represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,988 shares of company stock valued at $730,452 over the last ninety days. Corporate insiders own 17.46% of the company's stock.

Institutional Trading of Hamilton Insurance Group

Several large investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. bought a new stake in Hamilton Insurance Group in the second quarter worth approximately $327,000. Tower Research Capital LLC TRC boosted its holdings in shares of Hamilton Insurance Group by 24.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company's stock worth $123,000 after buying an additional 1,101 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Hamilton Insurance Group during the 2nd quarter worth $230,000. Man Group plc boosted its holdings in shares of Hamilton Insurance Group by 207.5% during the 2nd quarter. Man Group plc now owns 106,979 shares of the company's stock worth $2,313,000 after buying an additional 72,189 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in shares of Hamilton Insurance Group by 48.3% during the 2nd quarter. Engineers Gate Manager LP now owns 135,679 shares of the company's stock worth $2,933,000 after buying an additional 44,165 shares during the period. 29.17% of the stock is owned by institutional investors.

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.