Hamilton Insurance Group, Ltd. (NYSE:HG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $21.29.

HG has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. JMP Securities boosted their price objective on shares of 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. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Barclays assumed 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. Finally, Morgan Stanley lowered 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.

Hamilton Insurance Group Trading Up 0.2 %

Shares of HG opened at $18.50 on Monday. Hamilton Insurance Group has a fifty-two week low of $12.44 and a fifty-two week high of $20.06. The company has a market capitalization of $2.05 billion and a PE ratio of 5.62. The stock has a fifty day moving average of $18.06 and a two-hundred day moving average of $16.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81.

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

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds have recently modified their holdings of HG. Swiss National Bank acquired a new position in Hamilton Insurance Group in the 1st quarter worth $462,000. Gillson Capital LP purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $1,314,000. Weiss Asset Management LP acquired a new stake in Hamilton Insurance Group during the 4th quarter valued at approximately $748,000. BNP Paribas Financial Markets acquired a new position in shares of Hamilton Insurance Group in the 1st quarter valued at approximately $1,473,000. Finally, Sei Investments Co. raised its position in shares of Hamilton Insurance Group by 25.3% in the 1st quarter. Sei Investments Co. now owns 204,185 shares of the company’s stock valued at $2,844,000 after purchasing an additional 41,256 shares in the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

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.