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

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $23.67.

HG has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Morgan Stanley upped their price target on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a research report on Thursday, June 5th.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were 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 owned 190,440 shares of the company's stock, valued at $4,189,680. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Therese M. Vaughan bought 4,750 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $21.05 per share, with a total value of $99,987.50. Following the completion of the purchase, the director directly owned 20,892 shares of the company's stock, 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. Company insiders own 17.46% of the company's stock.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of large investors have recently modified their holdings of HG. Sterling Capital Management LLC raised its stake in shares of Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after acquiring an additional 1,133 shares during the period. Amalgamated Bank increased its holdings in Hamilton Insurance Group by 92.2% in the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock valued at $30,000 after purchasing an additional 685 shares in the last quarter. CWM LLC raised its position in Hamilton Insurance Group by 172.6% in the first quarter. CWM LLC now owns 1,698 shares of the company's stock valued at $35,000 after purchasing an additional 1,075 shares during the period. Flaharty Asset Management LLC acquired a new position in shares of Hamilton Insurance Group during the first quarter worth about $62,000. Finally, Strs Ohio purchased a new stake in shares of Hamilton Insurance Group in the first quarter worth about $112,000. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Trading Up 0.7%

NYSE HG traded up $0.15 during trading on Monday, hitting $21.59. The stock had a trading volume of 717,573 shares, compared to its average volume of 534,633. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $2.19 billion, a PE ratio of 7.13 and a beta of 0.91. The firm has a 50 day moving average price of $20.43 and a 200 day moving average price of $19.69. Hamilton Insurance Group has a twelve month low of $15.31 and a twelve month high of $22.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its 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 13.28% and a return on equity of 12.41%. The company had revenue of $843.31 million for the quarter, compared to analyst estimates of $498.00 million. As a group, equities research analysts forecast that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

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.