Barclays Issues Pessimistic Forecast for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HG) had its price target lowered by stock analysts at Barclays from $26.00 to $24.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 27.46% from the stock’s previous close.

Separately, Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $22.20.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $18.83 on Monday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 4.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50-day moving average of $18.61 and a 200 day moving average of $18.11. Hamilton Insurance Group has a 12 month low of $12.44 and a 12 month high of $20.71.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data 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 net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same period last year, the business earned $0.41 EPS. As a group, sell-side analysts forecast that Hamilton Insurance Group will post 4.03 earnings per share for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction on Monday, November 25th. The stock was sold at an average price of $19.18, for a total transaction of $335,650.00. Following the sale, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at $399,404.32. The trade was a 45.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

Several large investors have recently made changes to their positions in HG. Quarry LP lifted its holdings in shares of Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after purchasing an additional 1,341 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Hamilton Insurance Group during the third quarter worth $34,000. Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $97,000. US Bancorp DE bought a new position in shares of Hamilton Insurance Group in the third quarter valued at approximately $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Hamilton Insurance Group during the 2nd quarter worth $156,000. 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.