Hamilton Insurance Group (NYSE:HG) Sees Unusually-High Trading Volume – Time to Buy?

Hamilton Insurance Group, Ltd. (NYSE:HG) shares saw unusually-high trading volume on Monday . Approximately 1,277,887 shares were traded during trading, an increase of 174% from the previous session’s volume of 466,466 shares.The stock last traded at $18.51 and had previously closed at $18.53.

Analyst Upgrades and Downgrades

HG has been the subject of a number of research analyst reports. Barclays cut their target price on Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company raised their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Hamilton Insurance Group Trading Up 0.3 %

The business has a 50-day moving average of $18.64 and a 200-day moving average of $18.13. 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 stock has a market cap of $1.92 billion, a price-to-earnings ratio of 4.23 and a beta of 1.03.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The firm had revenue of $512.84 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $0.41 earnings per share. As a group, research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the business’s 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 completion of the transaction, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at $399,404.32. The trade was a 45.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds have recently modified their holdings of HG. Quarry LP grew its position in Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Hamilton Insurance Group in the third quarter valued at $34,000. Toronto Dominion Bank bought a new position in Hamilton Insurance Group in the third quarter worth $97,000. US Bancorp DE acquired a new stake in Hamilton Insurance Group during the third quarter worth $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Hamilton Insurance Group in the 2nd quarter valued at $156,000. 29.17% of the stock is owned by institutional investors.

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.