Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $21.43 Average Price Target from Brokerages

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

HG has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. JMP Securities boosted their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. Morgan Stanley lowered shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target on the stock. in a report on Monday, August 19th. Finally, Barclays began coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price objective for the company.

Institutional Trading of Hamilton Insurance Group

Several large investors have recently bought and sold shares of the company. Swiss National Bank acquired a new stake in shares of Hamilton Insurance Group during the first quarter valued at about $462,000. BNP Paribas Financial Markets acquired a new stake in Hamilton Insurance Group during the 1st quarter valued at approximately $1,473,000. Sei Investments Co. increased 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. Acadian Asset Management LLC acquired a new position in shares of Hamilton Insurance Group in the 1st quarter valued at approximately $3,831,000. Finally, American Century Companies Inc. boosted its stake in shares of Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after buying an additional 313,417 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Down 2.4 %

Shares of NYSE:HG opened at $18.13 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.85 billion and a price-to-earnings ratio of 4.38. The stock’s 50-day moving average price is $18.50 and its two-hundred day moving average price is $17.24. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $20.71.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, August 7th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.29. Hamilton Insurance Group had a net margin of 21.45% and a return on equity of 21.77%. The business had revenue of $587.94 million for the quarter, compared to analysts’ expectations of $502.37 million. On average, research analysts forecast 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.