Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Target Price at $21.43

Hamilton Insurance Group, Ltd. (NYSE:HG) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $22.60.

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Morgan Stanley cut shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock. in a research report on Monday, August 19th. Wells Fargo & Company increased their price objective 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. Finally, Barclays started coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price objective on the stock.

Insider Activity at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

Several large investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in shares of Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Hamilton Insurance Group during the 2nd quarter worth approximately $34,000. Financial Management Professionals Inc. bought a new position in shares of Hamilton Insurance Group during the 3rd quarter worth approximately $34,000. Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group during the 3rd quarter worth approximately $97,000. Finally, US Bancorp DE bought a new position in shares of Hamilton Insurance Group during the 3rd quarter worth approximately $107,000. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $19.17 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $18.40 and a two-hundred day moving average price of $17.79. Hamilton Insurance Group has a 1-year low of $12.44 and a 1-year high of $20.71. The company has a market cap of $1.94 billion and a P/E ratio of 4.29.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping 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 firm had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. During the same period last year, the business posted $0.41 EPS. As a group, analysts anticipate that Hamilton Insurance Group will post 4.03 EPS for the current year.

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.