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

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.7143.

Several research firms recently commented on HG. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. JMP Securities upped their price objective on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the company a "market outperform" rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hamilton Insurance Group in a research note on Saturday, September 27th. Wells Fargo & Company boosted their target price on Hamilton Insurance Group from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Wall Street Zen cut Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Sunday, August 17th.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $24.69 on Wednesday. The firm's fifty day simple moving average is $23.66 and its 200-day simple moving average is $21.54. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 6.82 and a beta of 0.82. Hamilton Insurance Group has a 12 month low of $16.80 and a 12 month high of $25.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.69.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.54. The business had revenue of $712.03 million for the quarter, compared to analysts' expectations of $519.50 million. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. As a group, equities analysts forecast 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 Keith Donald Bernhard sold 47,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $24.37, for a total value of $1,145,390.00. Following the completion of the transaction, the insider owned 53,893 shares in the company, valued at $1,313,372.41. This represents a 46.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander James Baker sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total value of $142,740.00. Following the completion of the transaction, the insider owned 116,338 shares of the company's stock, valued at approximately $2,767,681.02. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,988 shares of company stock worth $1,743,842 in the last 90 days. 17.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank boosted its stake in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock valued at $30,000 after buying an additional 685 shares during the last quarter. CWM LLC boosted its stake in shares of Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company's stock valued at $35,000 after buying an additional 1,075 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Hamilton Insurance Group during the 1st quarter valued at approximately $62,000. Ameritas Investment Partners Inc. boosted its stake in shares of Hamilton Insurance Group by 14.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company's stock valued at $99,000 after buying an additional 585 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Hamilton Insurance Group during the 1st quarter valued at approximately $112,000. 29.17% of the stock is currently owned by hedge funds and other 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.

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