Hamilton Insurance Group (NYSE:HG) Share Price Breaks Above 50-Day Moving Average - Should You Sell?

Key Points

• Hamilton Insurance Group shares rose 1.7% and crossed above their 50-day moving average, trading near $35.02 versus the $34.88 average.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $36.00, though some firms recently lowered targets.
• The company reported strong quarterly results, earning $1.78 per share versus the $0.91 estimate and generating $828.04 million in revenue, while two insiders recently sold shares.

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $34.88 and traded as high as $35.64. Hamilton Insurance Group shares last traded at $35.02, with a volume of 588,547 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on HG shares. Wells Fargo & Company decreased their target price on Hamilton Insurance Group from $41.00 to $40.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Morgan Stanley dropped their price target on Hamilton Insurance Group from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 6th. Barclays increased their price objective on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Tuesday, July 7th. Weiss Ratings upgraded shares of Hamilton Insurance Group from a "buy (b+)" rating to a "buy (a)" rating in a research report on Wednesday, October 21st. Finally, Citigroup restated a "neutral" rating on shares of Hamilton Insurance Group in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.00.

Hamilton Insurance Group Stock Up 1.7%

The company has a fifty day moving average of $34.88 and a two-hundred day moving average of $32.29. The company has a market cap of $3.45 billion, a PE ratio of 6.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.87. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 24.05%. The company had revenue of $828.04 million for the quarter, compared to analyst estimates of $693.46 million. As a group, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.90 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Timothy Duffin sold 28,500 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $34.53, for a total value of $984,105.00. Following the completion of the sale, the insider directly owned 223,459 shares in the company, valued at approximately $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Brown sold 50,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total value of $1,806,000.00. Following the completion of the sale, the director owned 400,000 shares of the company's stock, valued at approximately $14,448,000. This trade represents a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.02% of the stock is owned by insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

Several hedge funds have recently modified their holdings of HG. Vise Technologies Inc. lifted its stake in Hamilton Insurance Group by 68.0% during the 3rd quarter. Vise Technologies Inc. now owns 10,244 shares of the company's stock valued at $338,000 after acquiring an additional 4,146 shares during the period. MGO One Seven LLC acquired a new position in Hamilton Insurance Group in the 3rd quarter valued at about $210,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Hamilton Insurance Group by 36.3% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 76,650 shares of the company's stock worth $2,533,000 after buying an additional 20,400 shares during the period. Kendall Capital Management boosted its position in Hamilton Insurance Group by 1.2% in the 3rd quarter. Kendall Capital Management now owns 40,944 shares of the company's stock valued at $1,353,000 after buying an additional 475 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Hamilton Insurance Group by 83.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,871 shares of the company's stock worth $293,000 after purchasing an additional 4,029 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. NYSE: HG is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton's offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.

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