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

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

Wall Street Analysts Forecast Growth

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

Hamilton Insurance Group Stock Performance

The stock has a 50-day moving average of $19.25 and a 200-day moving average of $18.84. The firm has a market cap 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.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The company had revenue of $543.94 million during the quarter, compared to the consensus estimate 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, analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the completion of the transaction, the chief executive officer now directly owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of Hamilton Insurance Group by 198.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock worth $71,859,000 after acquiring an additional 2,469,422 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Hamilton Insurance Group by 538.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company’s stock worth $16,677,000 after acquiring an additional 727,242 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Hamilton Insurance Group by 19.7% during the 4th quarter. Lazard Asset Management LLC now owns 811,166 shares of the company’s stock worth $15,435,000 after acquiring an additional 133,646 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Hamilton Insurance Group by 31.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company’s stock worth $12,222,000 after acquiring an additional 155,228 shares during the period. Finally, Private Management Group Inc. bought a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $10,511,000. 29.17% of the stock is currently owned by institutional investors.

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.