Hamilton Insurance Group, Ltd. (NYSE:HG) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Hamilton Insurance Group has received a consensus rating of "Hold" from eight analysts, with one sell recommendation, three holds, and four buy recommendations.
• The average 12-month price target for the stock is $25.43, with price adjustments from firms like Barclays raising their target to $25.00.
• Insider transactions showed significant sales, with key insiders selling a total of 71,988 shares valued at approximately $1.74 million in recent months.

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have received an average rating of "Hold" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.4286.

A number of analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Barclays boosted their price objective on Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Morgan Stanley reissued a "cautious" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a report on Monday, August 18th. BMO Capital Markets reissued a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Finally, Wells Fargo & Company boosted their price objective on Hamilton Insurance Group from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, August 8th.

Insider Activity

In other news, 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 directly owned 116,338 shares of the company's stock, valued at $2,767,681.02. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $24.00, for a total value of $455,712.00. Following the completion of the transaction, the insider directly owned 64,512 shares of the company's stock, valued at approximately $1,548,288. This represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,988 shares of company stock valued at $1,743,842 over the last three months. Corporate insiders own 17.46% of the company's stock.

Hedge Funds Weigh In On Hamilton Insurance Group

Several institutional investors have recently modified their holdings of HG. Price T Rowe Associates Inc. MD grew its holdings in shares of Hamilton Insurance Group by 20.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,840 shares of the company's stock valued at $302,000 after acquiring an additional 2,726 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Hamilton Insurance Group by 4.8% in the fourth quarter. Northern Trust Corp now owns 257,728 shares of the company's stock valued at $4,905,000 after acquiring an additional 11,701 shares in the last quarter. Bank of America Corp DE lifted its stake in Hamilton Insurance Group by 18.8% in the fourth quarter. Bank of America Corp DE now owns 212,586 shares of the company's stock valued at $4,046,000 after purchasing an additional 33,613 shares during the last quarter. Deutsche Bank AG lifted its stake in Hamilton Insurance Group by 495.1% in the fourth quarter. Deutsche Bank AG now owns 99,651 shares of the company's stock valued at $1,896,000 after purchasing an additional 82,906 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hamilton Insurance Group by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company's stock valued at $429,000 after purchasing an additional 886 shares during the last quarter. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Stock Up 3.1%

HG traded up $0.74 during midday trading on Friday, reaching $24.30. 188,512 shares of the company were exchanged, compared to its average volume of 509,223. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 0.69. The company's fifty day moving average price is $22.72 and its 200 day moving average price is $21.14. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 6.71 and a beta of 0.82. Hamilton Insurance Group has a one year low of $16.80 and a one year high of $24.67.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.54. The firm had revenue of $712.03 million during the quarter, compared to analyst estimates of $519.50 million. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. As a group, analysts expect that Hamilton Insurance Group will post 4.1 EPS for the current year.

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.