Hamilton Insurance Group (NYSE:HG) Price Target Raised to $40.00

Hamilton Insurance Group (NYSE:HG) had its price objective lifted by Keefe, Bruyette & Woods from $39.00 to $40.00 in a research report report published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

HG has been the topic of several other research reports. UBS Group set a $33.00 price objective on shares of Hamilton Insurance Group in a report on Thursday, May 21st. Citizens Jmp upped their price target on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a report on Friday, August 7th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, June 12th. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research report on Wednesday. Finally, Zacks Research downgraded Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.75.

Hamilton Insurance Group Trading Up 1.8%

HG opened at $35.86 on Wednesday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 6.25 and a beta of 0.33. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group has a 12 month low of $22.66 and a 12 month high of $37.31. The stock has a fifty day moving average price of $34.07 and a 200-day moving average price of $31.61.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%.The company had revenue of $839.58 million for the quarter. As a group, equities research analysts anticipate that Hamilton Insurance Group will post 4.12 earnings per share for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other news, Director David A. Brown sold 37,300 shares of Hamilton Insurance Group stock in a transaction that occurred on 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 sale, the director owned 450,000 shares of the company’s stock, valued at approximately $14,472,000. The trade was a 7.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. Kestra Advisory Services LLC purchased a new position in Hamilton Insurance Group during the fourth quarter worth about $25,000. KBC Group NV purchased a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at approximately $65,000. Royal Bank of Canada lifted its holdings in shares of Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after acquiring an additional 410 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Hamilton Insurance Group by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock worth $131,000 after acquiring an additional 735 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Hamilton Insurance Group during the 1st quarter worth approximately $112,000. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Company Profile

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.