Hamilton Insurance Group (NYSE:HG) Price Target Raised to $39.00

Hamilton Insurance Group (NYSE:HG) had its price objective lifted by Keefe, Bruyette & Woods from $34.00 to $39.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently weighed in on HG. Barclays raised their price objective on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a report on Friday, May 1st. Weiss Ratings raised Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 12th. Zacks Research upgraded Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Citizens Jmp boosted their price target on Hamilton Insurance Group from $36.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Hamilton Insurance Group Stock Performance

Shares of HG opened at $34.62 on Wednesday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 5.67 and a beta of 0.35. Hamilton Insurance Group has a 12 month low of $20.47 and a 12 month high of $35.20. The firm has a fifty day simple moving average of $31.78 and a 200 day simple moving average of $30.19. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The firm had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. Research analysts forecast that Hamilton Insurance Group will post 4.12 EPS for the current fiscal year.

Insider Activity

In other news, Treasurer Jonathan B. Levenson sold 6,075 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $30.61, for a total transaction of $185,955.75. Following the transaction, the treasurer directly owned 39,629 shares in the company, valued at $1,213,043.69. The trade was a 13.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Brown sold 37,300 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the completion of the sale, the director directly owned 450,000 shares in the company, valued at approximately $14,472,000. The trade was a 7.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 70,105 shares of company stock valued at $2,220,158 in the last quarter. Company insiders own 3.02% of the company’s stock.

Institutional Trading of Hamilton Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of HG. Royal Bank of Canada lifted its position in shares of Hamilton Insurance Group by 15.8% in the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after buying an additional 410 shares during the last quarter. Parallel Advisors LLC raised its stake in Hamilton Insurance Group by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock valued at $131,000 after acquiring an additional 735 shares during the period. Kestra Advisory Services LLC bought a new stake in Hamilton Insurance Group in the 4th quarter valued at $25,000. CWM LLC lifted its holdings in Hamilton Insurance Group by 4.2% during the 4th quarter. CWM LLC now owns 22,594 shares of the company’s stock valued at $630,000 after purchasing an additional 919 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Hamilton Insurance Group by 112.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 29.17% of the company’s stock.

Key Stories Impacting Hamilton Insurance Group

Here are the key news stories impacting Hamilton Insurance Group this week:

• Positive Sentiment: Citizens JMP raised its price target on Hamilton Insurance Group to $40 from $38 and kept an “market outperform” rating, implying further upside potential. Benzinga report on Citizens JMP target increase
• Positive Sentiment: Wells Fargo reaffirmed a Buy rating on Hamilton Insurance Group, reinforcing the bullish analyst view on the stock. Wells Fargo reaffirmation article
• Positive Sentiment: Wells Fargo also raised its target to $39 from $37 and maintained an Overweight rating, signaling confidence that HG can outperform the market. Tickerreport Wells Fargo target increase
• Neutral Sentiment: Brokerage coverage now points to a consensus recommendation of “Moderate Buy,” indicating broadly favorable sentiment but not a strong catalyst on its own. Consensus recommendation article
• Negative Sentiment: Zacks Research downgraded Hamilton Insurance Group from “Strong-Buy” to “Hold,” a minor counterpoint to the otherwise positive analyst tone. Zacks downgrade article

About Hamilton Insurance Group

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.