Hamilton Insurance Group (NYSE:HG) Hits New 12-Month High - What's Next?

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.68 and last traded at $21.62, with a volume of 574191 shares changing hands. The stock had previously closed at $20.89.

Analyst Ratings Changes

HG has been the topic of several research reports. JMP Securities set a $27.00 price target on shares of Hamilton Insurance Group in a report on Friday, February 28th. Morgan Stanley boosted their target price on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an "overweight" rating in a report on Thursday, February 27th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Finally, Wells Fargo & Company reduced their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.80.

Hamilton Insurance Group Stock Performance

The firm has a market capitalization of $2.23 billion, a P/E ratio of 4.93 and a beta of 0.61. The company's 50 day moving average is $19.67 and its 200-day moving average is $19.39. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

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

Insider Buying and Selling at Hamilton Insurance Group

In other news, Director Therese M. Vaughan bought 4,750 shares of the stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $21.05 per share, for a total transaction of $99,987.50. Following the completion of the acquisition, the director now directly owns 20,892 shares in the company, valued at approximately $439,776.60. This trade represents a 29.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the sale, the chief executive officer now owns 203,847 shares of the company's stock, valued at approximately $4,217,594.43. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,000 shares of company stock valued at $311,566. Corporate insiders own 17.46% of the company's stock.

Institutional Trading of Hamilton Insurance Group

A number of large investors have recently added to or reduced their stakes in HG. Spire Wealth Management purchased a new stake in Hamilton Insurance Group during the fourth quarter worth about $38,000. Private Management Group Inc. purchased a new stake in Hamilton Insurance Group during the fourth quarter worth about $10,511,000. Empowered Funds LLC purchased a new stake in Hamilton Insurance Group during the fourth quarter worth about $1,743,000. Rhumbline Advisers boosted its position in Hamilton Insurance Group by 6.9% during the fourth quarter. Rhumbline Advisers now owns 57,207 shares of the company's stock worth $1,089,000 after purchasing an additional 3,699 shares during the period. Finally, Bfsg LLC bought a new position in Hamilton Insurance Group during the fourth quarter worth about $77,000. Hedge funds and other 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.