Hamilton Insurance Group (NYSE:HG) Sets New 52-Week High – Should You Buy?

Hamilton Insurance Group, Ltd. (NYSE:HG) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.82 and last traded at $20.72, with a volume of 137529 shares traded. The stock had previously closed at $19.87.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HG. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company raised their price objective on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $22.80.

Hamilton Insurance Group Trading Down 1.6 %

The company has a fifty day moving average of $18.98 and a two-hundred day moving average of $18.79. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 4.62 and a beta of 0.92. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $543.94 million during the quarter, compared to analyst estimates of $460.17 million. On average, research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Institutional Trading of Hamilton Insurance Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Hamilton Insurance Group by 176.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after purchasing an additional 70,732 shares during the period. Barclays PLC increased its position in Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company’s stock worth $1,114,000 after buying an additional 51,561 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Hamilton Insurance Group during the third quarter worth approximately $525,000. Geode Capital Management LLC boosted its holdings in Hamilton Insurance Group by 136.5% during the third quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after acquiring an additional 274,483 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Hamilton Insurance Group by 90.0% during the third quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock worth $1,845,000 after buying an additional 46,978 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors and hedge funds.

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.