The stock of Hamilton Insurance Group Ltd. (NYSE: HG) has increased by 2.22 when compared to last closing price of 15.14. Despite this, the company has experienced a 8.52% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Cash is a company’s lifeblood, a measure of resiliency and indicator of its true financial health. So, companies with rising cash flows like DY, HNI, HG and GCT are worth buying.
Is It Worth Investing in Hamilton Insurance Group Ltd. (NYSE: HG) Right Now?
The price-to-earnings ratio for Hamilton Insurance Group Ltd. (NYSE: HG) is above average at 6.59x, Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HG is 47.24M, and currently, short sellers hold a 1.25% ratio of that floaft. The average trading volume of HG on May 09, 2024 was 320.07K shares.
HG’s Market Performance
The stock of Hamilton Insurance Group Ltd. (HG) has seen a 8.52% increase in the past week, with a 24.40% rise in the past month, and a 3.72% gain in the past quarter. The volatility ratio for the week is 3.87%, and the volatility levels for the past 30 days are at 4.12% for HG. The simple moving average for the last 20 days is 11.40% for HG stock, with a simple moving average of 6.88% for the last 200 days.
Analysts’ Opinion of HG
Many brokerage firms have already submitted their reports for HG stocks, with Wells Fargo repeating the rating for HG by listing it as a “Overweight.” The predicted price for HG in the upcoming period, according to Wells Fargo is $16 based on the research report published on April 11, 2024 of the current year 2024.
JMP Securities, on the other hand, stated in their research note that they expect to see HG reach a price target of $21. The rating they have provided for HG stocks is “Mkt Outperform” according to the report published on December 05th, 2023.
Citigroup gave a rating of “Buy” to HG, setting the target price at $19 in the report published on December 05th of the previous year.
HG Trading at 12.94% from the 50-Day Moving Average
After a stumble in the market that brought HG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.35% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares surge +20.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.12% upper at present.
During the last 5 trading sessions, HG rose by +8.35%, in comparison to the 20-day moving average, which settled at $14.02. In addition, Hamilton Insurance Group Ltd. saw 3.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HG starting from Gauthier John J, who purchase 10,000 shares at the price of $15.41 back on Dec 11 ’23. After this action, Gauthier John J now owns 10,000 shares of Hamilton Insurance Group Ltd., valued at $154,145 using the latest closing price.
Freda William C, the Director of Hamilton Insurance Group Ltd., sale 5,099 shares at $15.00 during a trade that took place back on Nov 22 ’23, which means that Freda William C is holding 214,994 shares at $76,485 based on the most recent closing price.
Stock Fundamentals for HG
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 1.0 for the gross margin
The net margin for Hamilton Insurance Group Ltd. stands at 0.17. The total capital return value is set at 0.06. Equity return is now at value 18.56, with 6.71 for asset returns.
Based on Hamilton Insurance Group Ltd. (HG), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.89. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 7.81.
Currently, EBITDA for the company is -9.15 million with net debt to EBITDA at -4.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 0.76for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In a nutshell, Hamilton Insurance Group Ltd. (HG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
