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

Hamilton Insurance Group, Ltd. (NYSE:HG) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.43.

HG has been the subject of several recent analyst reports. Morgan Stanley cut Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price for the company. in a research report on Monday, August 19th. Keefe, Bruyette & Woods boosted their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. JMP Securities upped their price objective 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 upped their price objective 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, Barclays initiated coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price objective for the company.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $18.97 on Friday. Hamilton Insurance Group has a 52 week low of $12.44 and a 52 week high of $20.71. The business has a 50-day simple moving average of $18.43 and a 200 day simple moving average of $17.73. 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 has a market cap of $1.92 billion and a price-to-earnings ratio of 4.24.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping the consensus estimate 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 business had revenue of $512.84 million during the quarter, compared to analysts’ expectations of $515.96 million. During the same period in the previous year, the business earned $0.41 earnings per share. On average, research analysts forecast that Hamilton Insurance Group will post 4.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Brian John Deegan sold 17,500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the sale, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in Hamilton Insurance Group during the 1st quarter valued at approximately $2,545,000. American International Group Inc. bought a new position in Hamilton Insurance Group during the 1st quarter valued at approximately $115,000. California State Teachers Retirement System bought a new position in Hamilton Insurance Group during the 1st quarter valued at approximately $233,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Hamilton Insurance Group during the 2nd quarter valued at approximately $34,000. Finally, SG Americas Securities LLC bought a new position in Hamilton Insurance Group during the 2nd quarter valued at approximately $295,000. Institutional investors own 29.17% of the company’s stock.

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.