Hamilton Insurance Group, Ltd. (NYSE:HG) Given Consensus Rating of “Moderate Buy” by Brokerages

Hamilton Insurance Group, Ltd. (NYSE:HG) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.43.

HG has been the topic of several recent analyst reports. JMP Securities increased their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Morgan Stanley downgraded shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price on the stock. in a research note on Monday, August 19th. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Wells Fargo & Company increased their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays initiated coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price on the stock.

Hamilton Insurance Group Price Performance

HG stock opened at $17.84 on Tuesday. Hamilton Insurance Group has a one year low of $12.44 and a one year high of $20.71. The company’s fifty day moving average price is $18.46 and its 200-day moving average price is $17.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $1.82 billion and a PE ratio of 4.02.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $512.84 million for the quarter, compared to the consensus estimate of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 22.33%. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts anticipate that Hamilton Insurance Group will post 4.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its position in Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after buying an additional 313,417 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Hamilton Insurance Group by 80.3% during the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock worth $8,265,000 after purchasing an additional 221,372 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Hamilton Insurance Group during the 2nd quarter worth approximately $6,454,000. Renaissance Technologies LLC grew its stake in shares of Hamilton Insurance Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 357,800 shares of the company’s stock worth $5,957,000 after purchasing an additional 103,426 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Hamilton Insurance Group by 22.8% during the 2nd quarter. Sei Investments Co. now owns 250,725 shares of the company’s stock worth $4,175,000 after purchasing an additional 46,540 shares during the period. 29.17% of the stock is owned by hedge funds and other institutional investors.

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.