Hamilton Insurance Group (NYSE:HG) Price Target Raised to $27.00

Hamilton Insurance Group (NYSE:HG) had its target price lifted by Keefe, Bruyette & Woods from $25.00 to $27.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

HG has been the topic of a number of other reports. JMP Securities boosted their price objective on Hamilton Insurance Group from $27.00 to $29.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. BMO Capital Markets restated a “market perform” rating and issued a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Thursday, August 7th. Wells Fargo & Company boosted their price objective on Hamilton Insurance Group from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Morgan Stanley boosted their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

Hamilton Insurance Group Trading Up 2.8%

Shares of Hamilton Insurance Group stock opened at $23.31 on Tuesday. Hamilton Insurance Group has a 1 year low of $16.80 and a 1 year high of $23.53. The firm has a market cap of $2.37 billion, a PE ratio of 6.44 and a beta of 0.81. The stock has a fifty day moving average price of $21.35 and a 200-day moving average price of $20.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.71.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%. The company had revenue of $712.03 million during the quarter, compared to analyst estimates of $519.50 million. Equities research analysts anticipate that Hamilton Insurance Group will post 4.1 EPS for the current year.

Insider Transactions at Hamilton Insurance Group

In related news, Director Therese M. Vaughan bought 4,750 shares of Hamilton Insurance Group stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $21.05 per share, with a total value of $99,987.50. Following the acquisition, the director directly owned 20,892 shares of the company’s stock, valued at $439,776.60. This represents a 29.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adrian Joseph Daws sold 6,000 shares of Hamilton Insurance Group stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $22.00, for a total value of $132,000.00. Following the transaction, the chief executive officer directly owned 190,440 shares of the company’s stock, valued at $4,189,680. The trade was a 3.05% decrease in their position. The disclosure for this sale can be found here. 17.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HG. Sterling Capital Management LLC grew its holdings in Hamilton Insurance Group by 295.1% during the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock valued at $29,000 after buying an additional 1,133 shares in the last quarter. Amalgamated Bank boosted its position in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock valued at $30,000 after acquiring an additional 685 shares during the last quarter. CWM LLC boosted its position in shares of Hamilton Insurance Group by 172.6% during the 1st quarter. CWM LLC now owns 1,698 shares of the company’s stock valued at $35,000 after acquiring an additional 1,075 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at about $62,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Hamilton Insurance Group by 14.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after acquiring an additional 585 shares during the last quarter. Hedge funds and other institutional investors 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.