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

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.67.

HG has been the subject of several analyst reports. BMO Capital Markets reissued a "market perform" rating and issued a $23.00 price target on shares of Hamilton Insurance Group in a report on Thursday. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an "overweight" rating in a research note on Thursday, February 27th. Keefe, Bruyette & Woods upped their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a report on Friday, February 28th. Finally, Morgan Stanley lifted their price target on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th.

Hamilton Insurance Group Price Performance

HG stock traded down $1.04 during mid-day trading on Thursday, reaching $21.04. 983,602 shares of the company traded hands, compared to its average volume of 525,309. The company has a fifty day moving average price of $19.69 and a 200-day moving average price of $19.43. Hamilton Insurance Group has a 52-week low of $15.19 and a 52-week high of $22.42. The company has a market capitalization of $2.13 billion, a P/E ratio of 4.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

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

Insider Activity at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 6,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the transaction, the chief executive officer now directly owns 190,440 shares in the company, valued at approximately $4,189,680. This represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Therese M. Vaughan acquired 4,750 shares of the firm's stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 20,892 shares in the company, valued at $439,776.60. This represents a 29.43% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 21,000 shares of company stock valued at $443,566 over the last 90 days. 17.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HG. Spire Wealth Management bought a new position in shares of Hamilton Insurance Group during the 4th quarter valued at $38,000. Private Management Group Inc. purchased a new stake in Hamilton Insurance Group during the fourth quarter valued at about $10,511,000. Empowered Funds LLC purchased a new stake in Hamilton Insurance Group during the fourth quarter valued at about $1,743,000. Rhumbline Advisers grew its stake in shares of Hamilton Insurance Group by 6.9% during the fourth quarter. Rhumbline Advisers now owns 57,207 shares of the company's stock valued at $1,089,000 after buying an additional 3,699 shares during the last quarter. Finally, Bfsg LLC purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $77,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

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.