Hamilton Insurance Group, Ltd. (NYSE:HG) Director Acquires $352,109.10 in Stock

Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) Director Alan Neil Patterson bought 21,135 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of $16.66 per share, with a total value of $352,109.10. Following the completion of the transaction, the director now owns 21,135 shares of the company’s stock, valued at $352,109.10. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Hamilton Insurance Group Stock Performance

HG stock opened at $16.84 on Thursday. The business’s fifty day moving average price is $14.14. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $17.16. The company has a market cap of $1.86 billion and a P/E ratio of 5.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.83 and a quick ratio of 0.83.

Hamilton Insurance Group (NYSE:HGGet Free Report) last issued its earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.58. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. The firm had revenue of $495.16 million during the quarter, compared to analyst estimates of $412.55 million. Equities analysts predict that Hamilton Insurance Group, Ltd. will post 3.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HG. Morgan Stanley dropped their price target on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $21.00 target price (up from $20.00) on shares of Hamilton Insurance Group in a report on Thursday, May 16th. JMP Securities lifted their price target on Hamilton Insurance Group from $22.00 to $23.00 and gave the stock a “market outperform” rating in a report on Thursday, May 9th. Finally, Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Hamilton Insurance Group has an average rating of “Buy” and a consensus price target of $20.00.

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Institutional Investors Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at $25,000. American International Group Inc. bought a new stake in shares of Hamilton Insurance Group during the first quarter valued at about $115,000. Fifth Lane Capital LP purchased a new stake in shares of Hamilton Insurance Group in the first quarter worth about $151,000. Oxford Asset Management LLP bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $199,000. Finally, California State Teachers Retirement System purchased a new position in Hamilton Insurance Group during the first quarter valued at approximately $233,000. Institutional investors own 29.17% of the company’s stock.

About Hamilton Insurance Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Hamilton Insurance Group (NYSE:HG)

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