At the time of writing, Hamilton Insurance Group Ltd. [HG] stock is trading at $18.74, up 3.48%. An important factor to consider is whether the stock is rising or falling in short-term value. The HG shares have gain 0.64% over the last week, with a monthly amount glided 1.96%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hamilton Insurance Group Ltd. [NYSE: HG] stock has seen the most recent analyst activity on September 05, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $26. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 19, 2024, and kept the price target unchanged to $19. On April 11, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $16 on the stock. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $21 on December 05, 2023. Citigroup initiated its recommendation with a Buy and recommended $19 as its price target on December 05, 2023. BMO Capital Markets started tracking with a Outperform rating for this stock on December 05, 2023, and assigned it a price target of $18.
For the past year, the stock price of Hamilton Insurance Group Ltd. fluctuated between $12.44 and $20.71. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Hamilton Insurance Group Ltd. [NYSE: HG] shares were valued at $18.74 at the most recent close of the market. An investor can expect a potential return of 12.06% based on the average HG price forecast.
Analyzing the HG fundamentals
According to Hamilton Insurance Group Ltd. [NYSE:HG], the company’s sales were 1.97B for trailing twelve months, which represents an 56.69% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.22 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.32 points at the first support level, and at 17.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.96, and for the 2nd resistance point, it is at 19.17.
Ratios To Look Out For
It is important to note that Hamilton Insurance Group Ltd. [NYSE:HG] has a current ratio of 0.84. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 4.41.
Transactions by insiders
Recent insider trading involved Hamilton Investments LP, Affiliate, that happened on Sep 17 ’24 when 2.07 million shares were purchased. Director, Patterson Alan Neil completed a deal on May 16 ’24 to buy 21135.0 shares. Meanwhile, Group Chief Accounting Officer Deegan Brian John sold 22000.0 shares on May 16 ’24.
