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

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 a consensus rating of "Hold" from the eight analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $25.4286.

Several research firms have recently weighed in on HG. Barclays lifted their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Morgan Stanley reiterated a "cautious" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a report on Monday, August 18th. Wall Street Zen lowered Hamilton Insurance Group from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Citigroup started coverage on Hamilton Insurance Group in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $25.00 target price on the stock. Finally, Zacks Research raised Hamilton Insurance Group to a "hold" rating in a research report on Tuesday, August 12th.

Insiders Place Their Bets

In other Hamilton Insurance Group news, insider Alexander James Baker sold 6,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total transaction of $142,740.00. Following the sale, the insider directly owned 116,338 shares of the company's stock, valued at approximately $2,767,681.02. This trade represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.00, for a total transaction of $455,712.00. Following the sale, the insider directly owned 64,512 shares in the company, valued at approximately $1,548,288. The trade was a 22.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,988 shares of company stock valued at $1,743,842. Company insiders own 17.46% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HG. Amalgamated Bank lifted its stake 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 buying an additional 685 shares in the last quarter. CWM LLC lifted its stake in Hamilton Insurance Group by 172.6% in the 1st quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after purchasing an additional 1,075 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Hamilton Insurance Group in the 1st quarter worth approximately $62,000. Ameritas Investment Partners Inc. lifted its stake in Hamilton Insurance Group by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company's stock worth $99,000 after purchasing an additional 585 shares in the last quarter. Finally, Strs Ohio purchased a new position in Hamilton Insurance Group in the 1st quarter worth approximately $112,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock opened at $24.35 on Friday. The company has a 50 day moving average price of $22.57 and a 200-day moving average price of $21.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 0.69. Hamilton Insurance Group has a fifty-two week low of $16.80 and a fifty-two week high of $24.67. The company has a market capitalization of $2.44 billion, a PE ratio of 6.73 and a beta of 0.82.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. The firm had revenue of $712.03 million during the quarter, compared to the consensus estimate of $519.50 million. As a group, equities 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.

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