Hamilton Insurance Group (NYSE:HG) Receives "Market Perform" Rating from BMO Capital Markets

Hamilton Insurance Group (NYSE:HG - Get Free Report)'s stock had its "market perform" rating restated by stock analysts at BMO Capital Markets in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a $23.00 target price on the stock. BMO Capital Markets' target price suggests a potential upside of 7.09% from the company's previous close.

A number of other research analysts have also commented on the company. Wells Fargo & Company lowered their price target on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods upped their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. 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 research report on Monday, May 19th. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a research report on Friday, February 28th. Finally, Barclays set a $25.00 target price on Hamilton Insurance Group and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.67.

Hamilton Insurance Group Trading Up 1.9%

HG stock traded up $0.41 during trading on Thursday, hitting $21.48. 438,091 shares of the company traded hands, compared to its average volume of 526,931. The firm has a market capitalization of $2.18 billion, a PE ratio of 4.80 and a beta of 0.91. Hamilton Insurance Group has a 1 year low of $15.19 and a 1 year high of $22.33. The company has a 50-day moving average of $19.70 and a 200-day moving average of $19.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.43. The business had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Analysts predict that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Insider Transactions at Hamilton Insurance Group

In related news, Director Therese M. Vaughan acquired 4,750 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $21.05 per share, with a total value of $99,987.50. Following the transaction, the director now directly owns 20,892 shares in the company, valued at approximately $439,776.60. This represents a 29.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adrian Joseph Daws sold 3,785 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the transaction, the chief executive officer now directly owns 199,923 shares of the company's stock, valued at approximately $4,198,383. This trade represents a 1.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,924 shares of company stock valued at $214,404. Corporate insiders own 17.46% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in Hamilton Insurance Group during the 1st quarter valued at $50,838,000. Wellington Management Group LLP boosted its stake in Hamilton Insurance Group by 26.1% during the 1st quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company's stock valued at $96,570,000 after purchasing an additional 963,021 shares during the last quarter. Private Management Group Inc. purchased a new stake in Hamilton Insurance Group during the 4th quarter valued at $10,511,000. Bridgeway Capital Management LLC boosted its stake in Hamilton Insurance Group by 398.9% during the 1st quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company's stock valued at $12,060,000 after purchasing an additional 465,152 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock valued at $9,766,000 after purchasing an additional 346,998 shares during the last quarter. Institutional investors own 29.17% of the company's stock.

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.