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

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

Analyst Upgrades and Downgrades

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

Hamilton Insurance Group Price Performance

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 firm has a market cap of $2.10 billion, a P/E ratio of 4.63 and a beta of 1.02. The business’s 50 day moving average is $18.90 and its two-hundred day moving average is $18.76.

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

Hedge Funds Weigh In On Hamilton Insurance Group

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Hamilton Insurance Group by 176.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock worth $2,143,000 after buying an additional 70,732 shares during the last quarter. Barclays PLC boosted its stake in Hamilton Insurance Group by 845.0% during the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after purchasing an additional 51,561 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hamilton Insurance Group during the 3rd quarter valued at about $525,000. Geode Capital Management LLC increased its holdings in Hamilton Insurance Group by 136.5% during the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock worth $9,197,000 after purchasing an additional 274,483 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in 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 in the last quarter. 29.17% of the stock is currently owned by institutional investors.

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.