Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Price Target at $21.43

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.43.

HG has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Barclays assumed coverage on Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target for the company. JMP Securities boosted their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Thursday, August 8th. Finally, Morgan Stanley downgraded Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a research note on Monday, August 19th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Swiss National Bank bought a new position in Hamilton Insurance Group during the 1st quarter worth approximately $462,000. Gillson Capital LP bought a new position in Hamilton Insurance Group during the 4th quarter worth approximately $1,314,000. BNP Paribas Financial Markets bought a new position in Hamilton Insurance Group during the 1st quarter worth approximately $1,473,000. Sei Investments Co. raised its holdings in Hamilton Insurance Group by 25.3% during the 1st quarter. Sei Investments Co. now owns 204,185 shares of the company’s stock worth $2,844,000 after purchasing an additional 41,256 shares during the last quarter. Finally, HBK Investments L P bought a new position in Hamilton Insurance Group during the 4th quarter worth approximately $748,000. Institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Down 1.3 %

HG stock opened at $18.50 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The company has a fifty day moving average price of $18.60 and a two-hundred day moving average price of $16.65. Hamilton Insurance Group has a one year low of $12.44 and a one year high of $20.71. The stock has a market cap of $1.89 billion and a price-to-earnings ratio of 4.47.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.29. The firm had revenue of $587.94 million during the quarter, compared to analysts’ expectations of $502.37 million. Hamilton Insurance Group had a net margin of 21.45% and a return on equity of 21.77%. Equities analysts anticipate that Hamilton Insurance Group will post 4.12 EPS for the current year.

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.