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

Key Points

• "Moderate Buy" consensus from nine analysts (five buy, four hold) with an average 12‑month price target of $32.71.
• Hamilton delivered a strong earnings beat, reporting $1.65 EPS versus $0.69 expected and revenue of $728.33M (vs. $621M), with a net margin of 19.85% and ROE of 19.43%.
• The company paid a $2.00 special dividend (paid Mar 30); the stock trades near its 52‑week high (opened at $32.62), with a market cap of $3.23B and a P/E of 5.86.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $32.7143.

HG has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. Citizens Jmp increased their price objective on shares of Hamilton Insurance Group from $35.00 to $36.00 and gave the stock a "market outperform" rating in a research report on Monday, April 13th. Wall Street Zen cut shares of Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Hamilton Insurance Group in a research report on Thursday, January 22nd.

Hamilton Insurance Group Trading Down 0.2%

Shares of NYSE HG opened at $32.62 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. Hamilton Insurance Group has a 52-week low of $17.50 and a 52-week high of $32.98. The firm has a 50 day moving average price of $30.36 and a two-hundred day moving average price of $27.97. The stock has a market cap of $3.23 billion, a P/E ratio of 5.86 and a beta of 0.53.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. The firm had revenue of $728.33 million during the quarter, compared to analysts' expectations of $621.00 million. As a group, equities analysts forecast that Hamilton Insurance Group will post 3.46 EPS for the current year.

Hamilton Insurance Group Dividend Announcement

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

Institutional Investors Weigh In On Hamilton Insurance Group

Several large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Hamilton Insurance Group during the first quarter worth $215,000. Corient Private Wealth LLC increased its position in shares of Hamilton Insurance Group by 8.5% during the fourth quarter. Corient Private Wealth LLC now owns 12,095 shares of the company's stock worth $337,000 after buying an additional 950 shares during the period. Invesco Ltd. boosted its stake in Hamilton Insurance Group by 16.7% during the fourth quarter. Invesco Ltd. now owns 40,237 shares of the company's stock worth $1,123,000 after acquiring an additional 5,756 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Hamilton Insurance Group by 11.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,990 shares of the company's stock worth $307,000 after acquiring an additional 1,093 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Hamilton Insurance Group by 13.0% during the fourth quarter. Mackenzie Financial Corp now owns 23,424 shares of the company's stock worth $652,000 after acquiring an additional 2,691 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Insurance Group

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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