Hamilton Insurance Group (NYSE:HG) Sees Unusually-High Trading Volume – What’s Next?

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) saw unusually-strong trading volume on Monday . Approximately 1,277,887 shares were traded during trading, an increase of 174% from the previous session’s volume of 466,466 shares.The stock last traded at $18.51 and had previously closed at $18.53.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HG shares. Barclays lowered their price objective on Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company upped their price target on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Hamilton Insurance Group Trading Up 0.3 %

The company’s fifty day moving average price is $18.64 and its two-hundred day moving average price is $18.13. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 4.23 and a beta of 1.03.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $512.84 million during the quarter, compared to analysts’ expectations of $515.96 million. During the same period last year, the firm posted $0.41 EPS. Research analysts expect that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Insider Activity

In other news, CAO Brian John Deegan sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the transaction, the chief accounting officer now directly owns 20,824 shares in the company, valued at approximately $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HG. Quarry LP lifted its position in Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after purchasing an additional 1,341 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Hamilton Insurance Group during the third quarter worth approximately $34,000. Toronto Dominion Bank acquired a new position in Hamilton Insurance Group in the third quarter valued at approximately $97,000. US Bancorp DE bought a new position in Hamilton Insurance Group in the third quarter valued at approximately $107,000. Finally, Martingale Asset Management L P grew its holdings in Hamilton Insurance Group by 8.9% during the 3rd quarter. Martingale Asset Management L P now owns 78,675 shares of the company’s stock worth $1,522,000 after acquiring an additional 6,458 shares during the period. 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.