Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $21.43 Average Price Target from Analysts

Hamilton Insurance Group, Ltd. (NYSE:HG) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.43.

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Barclays initiated coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price target on the stock. JMP Securities lifted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a report on Monday, August 19th.

Hamilton Insurance Group Stock Down 0.6 %

HG stock opened at $18.97 on Friday. Hamilton Insurance Group has a twelve month low of $12.44 and a twelve month high of $20.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $18.43 and its 200-day moving average is $17.73. The firm has a market capitalization of $1.92 billion and a PE ratio of 4.24.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same quarter last year, the company earned $0.41 earnings per share. Sell-side analysts expect that Hamilton Insurance Group will post 4.03 EPS for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Hamilton Insurance Group

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of Hamilton Insurance Group by 90.0% in the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after purchasing an additional 46,978 shares in the last quarter. Barclays PLC grew its position in shares of Hamilton Insurance Group by 845.0% in the third quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after purchasing an additional 51,561 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Hamilton Insurance Group in the third quarter valued at $97,000. Geode Capital Management LLC grew its position in shares of Hamilton Insurance Group by 136.5% in the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after purchasing an additional 274,483 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Hamilton Insurance Group in the third quarter valued at $525,000. 29.17% of the stock is currently owned by institutional investors.

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.