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

Hamilton Insurance Group, Ltd. (NYSE:HG)’s share price hit a new 52-week high on Thursday . The stock traded as high as $21.50 and last traded at $19.77, with a volume of 302 shares. The stock had previously closed at $19.72.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HG. Wells Fargo & Company raised their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays lowered their price target on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.20.

Hamilton Insurance Group Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average is $18.98 and its two-hundred day moving average is $18.46. The firm has a market cap of $1.98 billion, a P/E ratio of 4.36 and a beta of 1.03.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $512.84 million for the quarter, compared to analysts’ expectations of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same period last year, the business earned $0.41 EPS. As a group, equities analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds have recently bought and sold shares of the business. Quarry LP boosted its position in shares of Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Hamilton Insurance Group in the third quarter worth $34,000. Spire Wealth Management purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter worth $38,000. Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group during the third quarter valued at $97,000. Finally, US Bancorp DE purchased a new position in shares of Hamilton Insurance Group in the 3rd quarter worth about $107,000. 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.