Hamilton Insurance Group (NYSE:HG) Reaches New 12-Month High – What’s Next?

Hamilton Insurance Group, Ltd. (NYSE:HG)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $21.64 and last traded at $21.58, with a volume of 39662 shares trading hands. The stock had previously closed at $21.34.

Analyst Ratings Changes

HG has been the topic of a number of research analyst reports. Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research report on Thursday, February 27th. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Hamilton Insurance Group Price Performance

The stock has a market cap of $2.19 billion, a P/E ratio of 4.83 and a beta of 0.92. The business has a 50-day simple moving average of $19.44 and a 200 day simple moving average of $18.89. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $460.17 million. On average, analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Insider Transactions at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the transaction, the chief executive officer now directly owns 203,847 shares of the company’s stock, valued at $4,217,594.43. The trade was a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 15,000 shares of company stock worth $311,566 over the last three months. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of HG. Charles Schwab Investment Management Inc. lifted its position in shares of Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after acquiring an additional 70,732 shares during the period. Barclays PLC raised its holdings in shares of Hamilton Insurance Group by 845.0% during 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 during the period. Public Employees Retirement System of Ohio bought a new position in shares of Hamilton Insurance Group during the 3rd quarter worth about $525,000. Geode Capital Management LLC grew its stake in shares of Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after buying an additional 274,483 shares during the period. Finally, Franklin Resources Inc. increased its position in Hamilton Insurance Group by 90.0% in the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after buying an additional 46,978 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Company Profile

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.