Hamilton Insurance Group (NYSE:HG) Reaches New 52-Week High – Here’s What Happened

Hamilton Insurance Group, Ltd. (NYSE:HG) reached 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 trading hands. The stock had previously closed at $19.72.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Barclays reduced their price target on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.20.

Hamilton Insurance Group Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a fifty day moving average of $18.98 and a two-hundred day moving average of $18.46. The stock has a market capitalization 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, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $512.84 million during 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 in the prior year, the business posted $0.41 EPS. On average, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Insider Activity

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction 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 of the company’s stock, valued at $399,404.32. This trade 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. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Hamilton Insurance Group

Several large investors have recently bought and sold shares of HG. Quarry LP lifted its stake 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 valued at $32,000 after purchasing an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Hamilton Insurance Group in the third quarter valued at about $34,000. Spire Wealth Management purchased a new position in Hamilton Insurance Group during the fourth quarter worth about $38,000. Toronto Dominion Bank acquired a new stake in shares of Hamilton Insurance Group during the third quarter valued at about $97,000. Finally, US Bancorp DE purchased a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $107,000. Hedge funds and other 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.