Hamilton Insurance Group (NYSE:HG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Hamilton Insurance Group (NYSE:HG) had its target price boosted by investment analysts at Wells Fargo & Company from $21.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 17.53% from the stock’s current price.

Separately, Barclays set a $25.00 target price on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.80.

Hamilton Insurance Group Trading Up 1.1 %

Shares of HG opened at $19.57 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 4.38 and a beta of 1.02. The stock has a fifty day moving average price of $18.88 and a two-hundred day moving average price of $18.76. Hamilton Insurance Group has a 52-week low of $12.44 and a 52-week high of $20.71.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $543.94 million during the quarter, compared to the consensus estimate of $460.17 million. Analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Institutional Trading of Hamilton Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in shares of Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock valued at $29,000 after purchasing an additional 1,133 shares during the last quarter. Quarry LP lifted its holdings in Hamilton Insurance Group by 448.5% in the third quarter. Quarry LP now owns 1,640 shares of the company’s stock valued at $32,000 after buying an additional 1,341 shares during the period. Spire Wealth Management bought a new position in Hamilton Insurance Group in the fourth quarter valued at approximately $38,000. Bfsg LLC bought a new position in Hamilton Insurance Group in the fourth quarter valued at approximately $77,000. Finally, Toronto Dominion Bank acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth $97,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

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.