Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Price Target at $33.43

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $34.00.

A number of analysts recently weighed in on HG shares. Barclays lifted their price target on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. UBS Group set a $33.00 price target on shares of Hamilton Insurance Group in a report on Thursday, May 21st. Citizens Jmp increased their price target on shares of Hamilton Insurance Group from $36.00 to $38.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Finally, Morgan Stanley increased their price target on shares of Hamilton Insurance Group from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st.

Insider Buying and Selling

In related news, Treasurer Jonathan B. Levenson sold 6,075 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $30.61, for a total value of $185,955.75. Following the sale, the treasurer owned 39,629 shares in the company, valued at $1,213,043.69. This represents a 13.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brian John Deegan sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.69, for a total value of $337,590.00. Following the completion of the sale, the chief accounting officer owned 71,347 shares in the company, valued at approximately $2,189,639.43. This represents a 13.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,105 shares of company stock worth $2,220,158 in the last quarter. Company insiders own 3.02% of the company’s stock.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in HG. Wellington Management Group LLP boosted its position in shares of Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after buying an additional 737,084 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock worth $43,325,000 after buying an additional 646,106 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth about $16,667,000. Millennium Management LLC boosted its position in shares of Hamilton Insurance Group by 89.8% in the 4th quarter. Millennium Management LLC now owns 881,667 shares of the company’s stock worth $24,599,000 after buying an additional 417,261 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hamilton Insurance Group by 101.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 705,277 shares of the company’s stock worth $17,490,000 after buying an additional 355,947 shares in the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Trading Down 3.4%

Shares of Hamilton Insurance Group stock opened at $30.57 on Thursday. Hamilton Insurance Group has a 52-week low of $20.44 and a 52-week high of $33.72. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $30.87 and its 200-day simple moving average is $29.06. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 5.00 and a beta of 0.58.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.56. Hamilton Insurance Group had a return on equity of 23.19% and a net margin of 21.73%.The firm had revenue of $758.91 million for the quarter, compared to the consensus estimate of $933.90 million. As a group, equities research analysts anticipate that Hamilton Insurance Group will post 3.95 earnings per share for the current year.

Hamilton Insurance Group Company Profile

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.