Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $23.67 Average Price Target from Analysts

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $23.67.

HG has been the subject of a number of recent research reports. BMO Capital Markets reissued a "market perform" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a research report on Thursday. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley lifted their target price on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, May 19th.

Hamilton Insurance Group Stock Performance

HG traded up $0.41 during trading on Thursday, reaching $21.48. 438,091 shares of the company's stock were exchanged, compared to its average volume of 526,931. Hamilton Insurance Group has a 1 year low of $15.19 and a 1 year high of $22.33. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $2.18 billion, a P/E ratio of 4.80 and a beta of 0.91. The company's fifty day simple moving average is $19.70 and its 200-day simple moving average is $19.48.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. As a group, research analysts predict that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 6,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the transaction, the chief executive officer now owns 190,440 shares of the company's stock, valued at approximately $4,189,680. The trade was a 3.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Therese M. Vaughan purchased 4,750 shares of the stock in a transaction dated Monday, May 19th. The shares were purchased at an average cost of $21.05 per share, for a total transaction of $99,987.50. Following the transaction, the director now owns 20,892 shares in the company, valued at approximately $439,776.60. The trade was a 29.43% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 9,924 shares of company stock valued at $214,404. 17.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Hamilton Insurance Group by 18.8% during the 4th quarter. Bank of America Corp DE now owns 212,586 shares of the company's stock valued at $4,046,000 after acquiring an additional 33,613 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at about $311,000. Victory Capital Management Inc. purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at about $2,362,000. Intech Investment Management LLC purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at about $431,000. Finally, Private Management Group Inc. purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at about $10,511,000. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Company Profile

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.