Hamilton Insurance Group (NYSE:HG) Rating Lowered to “Hold” at Wall Street Zen

Hamilton Insurance Group (NYSE:HG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts have also issued reports about the stock. Citigroup reiterated a “market outperform” rating on shares of Hamilton Insurance Group in a research note on Friday. Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price target on Hamilton Insurance Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, June 12th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.62.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $35.91 on Friday. 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 firm has a market capitalization of $3.57 billion, a PE ratio of 6.26 and a beta of 0.33. Hamilton Insurance Group has a twelve month low of $22.31 and a twelve month high of $37.31. The company has a 50-day moving average price of $33.46 and a two-hundred day moving average price of $31.35.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The company had revenue of $839.58 million for the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.78%. Equities analysts forecast that Hamilton Insurance Group will post 4.12 EPS for the current year.

Insider Buying and Selling

In other Hamilton Insurance Group news, Director David A. Brown sold 37,300 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.16, for a total value of $1,199,568.00. Following the completion of the transaction, the director directly owned 450,000 shares of the company’s stock, valued at $14,472,000. This trade represents a 7.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Jonathan B. Levenson sold 6,075 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $185,955.75. Following the transaction, the treasurer owned 39,629 shares of the company’s stock, valued at $1,213,043.69. This trade represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 56,075 shares of company stock worth $1,789,638 in the last ninety days. 3.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in Hamilton Insurance Group during the fourth quarter valued at $25,000. KBC Group NV purchased a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at about $65,000. Royal Bank of Canada raised its holdings in shares of Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after acquiring an additional 410 shares in the last quarter. Strs Ohio bought a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at about $112,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Hamilton Insurance Group by 24.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after acquiring an additional 1,101 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

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.