Hamilton Insurance Group (NYSE:HG) Reaches New 1-Year High at $18.09

Hamilton Insurance Group, Ltd. (NYSE:HG) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.09 and last traded at $18.08, with a volume of 234554 shares trading hands. The stock had previously closed at $17.10.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HG. Morgan Stanley dropped their price objective on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. JMP Securities lifted their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, August 8th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.00 target price (up from $20.00) on shares of Hamilton Insurance Group in a report on Thursday, May 16th. Finally, Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.50.

Hamilton Insurance Group Trading Up 6.3 %

The stock has a 50-day simple moving average of $16.50 and a 200 day simple moving average of $15.21. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.02 billion and a price-to-earnings ratio of 5.50.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.29. The firm had revenue of $587.94 million for the quarter, compared to analyst estimates of $502.37 million. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. As a group, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 3.92 EPS for the current fiscal year.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total value of $367,400.00. Following the sale, the chief accounting officer now directly owns 18,957 shares of the company’s stock, valued at $316,581.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Brian John Deegan sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total value of $367,400.00. Following the transaction, the chief accounting officer now owns 18,957 shares in the company, valued at $316,581.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Neil Patterson bought 21,135 shares of the stock in a transaction on Thursday, May 16th. The shares were acquired at an average cost of $16.66 per share, for a total transaction of $352,109.10. Following the purchase, the director now owns 21,135 shares in the company, valued at $352,109.10. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Hamilton Insurance Group

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP acquired a new position in Hamilton Insurance Group in the fourth quarter valued at about $19,249,000. Federated Hermes Inc. acquired a new stake in Hamilton Insurance Group in the 2nd quarter valued at approximately $6,454,000. American Century Companies Inc. raised its position in Hamilton Insurance Group by 17.7% in the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after purchasing an additional 313,417 shares during the period. Acadian Asset Management LLC acquired a new position in Hamilton Insurance Group during the first quarter worth $3,831,000. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Hamilton Insurance Group during the fourth quarter worth $3,738,000. Hedge funds and other 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.