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

Key Points

• Hamilton Insurance Group has received a consensus recommendation of "Moderate Buy" from six brokerages, with an average 12-month price target of $24.17.
• Recent earnings reports showed Hamilton Insurance Group beating consensus estimates with $0.47 earnings per share for the quarter, significantly higher than the expected $0.04.
• Insider trading activity included Director Therese M. Vaughan purchasing 4,750 shares at $21.05 each, increasing her ownership significantly, while CEO Adrian Daws sold 6,000 shares for $22.00 each.

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.17.

A number of equities analysts have recently issued reports on HG shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $23.00 price target on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Barclays upped their target price on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Morgan Stanley upped their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company lowered their price target on shares of Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th.

Hamilton Insurance Group Trading Down 0.8%

Shares of NYSE:HG traded down $0.18 during trading hours on Friday, hitting $21.37. 110,737 shares of the company's stock traded hands, compared to its average volume of 518,304. Hamilton Insurance Group has a 1 year low of $15.31 and a 1 year high of $22.33. The business has a fifty day moving average price of $21.21 and a 200-day moving average price of $20.02. The firm has a market capitalization of $2.17 billion, a P/E ratio of 7.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.71 and a quick ratio of 0.71.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. The company had revenue of $843.31 million during the quarter, compared to the consensus estimate of $498.00 million. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. Equities analysts expect that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Insider Activity

In other news, Director Therese M. Vaughan bought 4,750 shares of the stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $21.05 per share, with a total value of $99,987.50. Following the purchase, the director directly owned 20,892 shares in the company, valued at $439,776.60. The trade was a 29.43% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the transaction, the chief executive officer owned 190,440 shares of the company's stock, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.46% of the company's stock.

Institutional Trading of Hamilton Insurance Group

Hedge funds have recently bought and sold shares of the business. Amalgamated Bank raised 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 acquiring an additional 685 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter worth approximately $267,000. Bank of America Corp DE increased its holdings in shares of Hamilton Insurance Group by 18.8% during the 4th quarter. Bank of America Corp DE now owns 212,586 shares of the company's stock worth $4,046,000 after buying an additional 33,613 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Hamilton Insurance Group by 126.1% during the 1st quarter. SG Americas Securities LLC now owns 39,025 shares of the company's stock worth $809,000 after buying an additional 21,766 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock worth $9,766,000 after buying an additional 346,998 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

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.