Hamilton Insurance Group (NYSE:HG) Reaches New 12-Month High – Should You Buy?

Hamilton Insurance Group, Ltd. (NYSE:HG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $21.05 and last traded at $21.02, with a volume of 421540 shares. The stock had previously closed at $20.72.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HG. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods lifted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.80.

Hamilton Insurance Group Price Performance

The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 4.70 and a beta of 0.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The company has a fifty day simple moving average of $19.25 and a two-hundred day simple moving average of $18.84.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.44). The company had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. As a group, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 11,076 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the transaction, the chief executive officer now owns 203,847 shares of the company’s stock, valued at approximately $4,217,594.43. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently modified their holdings of HG. Sterling Capital Management LLC raised its holdings in shares of Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after buying an additional 1,133 shares in the last quarter. Quarry LP raised its holdings in shares of Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth $38,000. Bfsg LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth $77,000. Finally, Toronto Dominion Bank acquired a new position in shares of Hamilton Insurance Group during the 3rd quarter worth $97,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.