Hamilton Insurance Group (NYSE:HG) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Hamilton Insurance Group from a "buy" to a "hold," though the analyst mix remains split (five Buy, four Hold) with a consensus rating of Moderate Buy and a $32.57 average price target.
• Hamilton substantially beat quarterly estimates, reporting $1.65 EPS vs. $0.69 expected and $728.3M in revenue vs. $621M, with a 19.85% net margin and analysts projecting about 4.1 EPS for the fiscal year.
• The stock trades near $30.88 with a P/E of 5.54 and $3.06B market cap, and several firms (Citigroup, Citizens Jmp, Barclays) have recently raised price targets, signaling mixed but partially bullish sentiment.

Hamilton Insurance Group (NYSE:HG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on HG. Citigroup lifted their target price 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. Zacks Research cut shares of Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. BMO Capital Markets restated a "market perform" rating and set a $26.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Citizens Jmp lifted their target price on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, February 20th. Finally, Barclays lifted their target price on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.57.

Hamilton Insurance Group Stock Performance

Shares of HG opened at $30.88 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.06 billion, a P/E ratio of 5.54 and a beta of 0.53. The company has a 50-day moving average of $29.88 and a two-hundred day moving average of $27.44. Hamilton Insurance Group has a 12-month low of $16.80 and a 12-month high of $32.21.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Saturday, February 14th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.96. The company had revenue of $728.33 million during the quarter, compared to analysts' expectations of $621.00 million. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. As a group, research analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth $25,000. Chesapeake Asset Management LLC lifted its position in shares of Hamilton Insurance Group by 487.8% during the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company's stock worth $34,000 after purchasing an additional 1,000 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Hamilton Insurance Group by 1,404.4% during the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company's stock worth $42,000 after purchasing an additional 1,587 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Hamilton Insurance Group by 112.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company's stock worth $49,000 after purchasing an additional 937 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Hamilton Insurance Group during the third quarter worth $71,000. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

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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