Hamilton Insurance Group (NYSE:HG) Reaches New 1-Year High – Time to Buy?

Hamilton Insurance Group, Ltd. (NYSE:HG) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.82 and last traded at $20.72, with a volume of 137529 shares trading hands. The stock had previously closed at $19.87.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HG shares. Wells Fargo & Company increased their price objective on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $22.80.

Hamilton Insurance Group Stock Performance

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 stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 4.62 and a beta of 0.92. The company’s 50-day simple moving average is $18.98 and its 200-day simple moving average is $18.79.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The company had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. On average, analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Institutional Trading of Hamilton Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cim LLC purchased a new position in shares of Hamilton Insurance Group in the 4th quarter worth about $277,000. Mackenzie Financial Corp bought a new stake in Hamilton Insurance Group in the 4th quarter worth approximately $206,000. Public Employees Retirement System of Ohio boosted its position in Hamilton Insurance Group by 40.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 38,250 shares of the company’s stock valued at $728,000 after buying an additional 11,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hamilton Insurance Group by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,812 shares of the company’s stock valued at $872,000 after purchasing an additional 6,641 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $212,000. 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.