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

Key Points

• Hamilton Insurance Group has a consensus recommendation of “Moderate Buy” from nine analysts (five buy, four hold) with an average 1‑year price target of $32.29.
• The company reported a strong quarter—$1.65 EPS vs. $0.69 expected and $728.3M revenue vs. $621M expected—posting a 19.43% ROE and 19.85% net margin, and sell‑side analysts forecast about 4.1 EPS for the year.
• Hamilton paid a $2.00 special dividend on March 30; shares trade near $29.82 (1‑year range $16.80–$32.21) with a market cap of ~$2.95B and a low PE of ~5.35, while institutional ownership is ~29.17% with several funds recently increasing stakes.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $32.2857.

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Hamilton Insurance Group from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley set a $28.00 price objective on shares of Hamilton Insurance Group in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Barclays reiterated an "overweight" rating and set a $35.00 target price on shares of Hamilton Insurance Group in a research report on Friday, February 20th. Finally, Citigroup upped their target price on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the company a "neutral" rating in a research note on Tuesday, February 24th.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company's stock valued at $131,378,000 after buying an additional 737,084 shares in the last quarter. Nuveen LLC raised its stake in Hamilton Insurance Group by 3.5% during the fourth quarter. Nuveen LLC now owns 2,220,738 shares of the company's stock worth $61,959,000 after acquiring an additional 74,194 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Hamilton Insurance Group by 71.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company's stock valued at $43,325,000 after acquiring an additional 646,106 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hamilton Insurance Group by 1.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company's stock valued at $34,063,000 after acquiring an additional 15,615 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Hamilton Insurance Group by 44.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,019,106 shares of the company's stock valued at $28,433,000 after purchasing an additional 313,829 shares in the last quarter. Institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $29.82 on Wednesday. Hamilton Insurance Group has a 1-year low of $16.80 and a 1-year high of $32.21. The firm has a market capitalization of $2.95 billion, a PE ratio of 5.35 and a beta of 0.56. The business's 50 day moving average is $29.35 and its 200-day moving average is $27.12. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.96. The business had revenue of $728.33 million during the quarter, compared to analyst estimates of $621.00 million. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. Sell-side analysts predict that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 6th were paid a $2.00 dividend. The ex-dividend date was Friday, March 6th.

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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