Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) PT at $21.29

Hamilton Insurance Group, Ltd. (NYSE:HG) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $21.29.

HG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price objective on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price on the stock. in a report on Monday, August 19th. Barclays initiated coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price on the stock. JMP Securities increased their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company increased their target price on Hamilton Insurance Group from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 9th.

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new stake in Hamilton Insurance Group in the fourth quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Hamilton Insurance Group in the second quarter valued at about $34,000. American International Group Inc. acquired a new stake in Hamilton Insurance Group in the first quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hamilton Insurance Group during the 2nd quarter valued at approximately $156,000. Finally, Fifth Lane Capital LP acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at approximately $151,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Up 1.9 %

NYSE:HG opened at $18.54 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $17.98 and its two-hundred day moving average is $16.05. Hamilton Insurance Group has a 52 week low of $12.44 and a 52 week high of $20.06. The stock has a market capitalization of $2.06 billion and a price-to-earnings ratio of 5.64.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.29. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. The company had revenue of $587.94 million for the quarter, compared to analysts’ expectations of $502.37 million. Research analysts anticipate that Hamilton Insurance Group will post 4.21 EPS for the current year.

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.