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

Hamilton Insurance Group, Ltd. (NYSE:HG) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.43.

HG has been the topic of a number of analyst reports. Barclays initiated coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price objective on the stock. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock. in a report on Monday, August 19th. Keefe, Bruyette & Woods increased 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. Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, JMP Securities increased their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, August 8th.

Hamilton Insurance Group Price Performance

Shares of NYSE HG opened at $18.13 on Tuesday. The stock has a fifty day moving average price of $18.50 and a 200 day moving average price of $17.24. Hamilton Insurance Group has a 1-year low of $12.44 and a 1-year high of $20.71. 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 market cap of $1.85 billion and a PE ratio of 4.38.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, August 7th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.91 by $0.29. The company 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%. Sell-side analysts forecast that Hamilton Insurance Group will post 4.12 EPS for the current year.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in shares of Hamilton Insurance Group in the first quarter worth $1,473,000. Swiss National Bank purchased a new position in Hamilton Insurance Group in the 1st quarter valued at about $462,000. Sei Investments Co. boosted its stake in shares of 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. Vanguard Group Inc. purchased a new stake in shares of Hamilton Insurance Group during the first quarter worth about $2,545,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Hamilton Insurance Group in the first quarter valued at approximately $3,831,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.