Hamilton Insurance Group (NYSE:HG) PT Lowered to $20.00

Hamilton Insurance Group (NYSE:HG) had its target price reduced by Morgan Stanley from $21.00 to $20.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also commented on the company. JMP Securities reiterated a market outperform rating and set a $22.00 price objective on shares of Hamilton Insurance Group in a research note on Monday. Wells Fargo & Company upgraded Hamilton Insurance Group from an equal weight rating to an overweight rating and set a $16.00 price objective for the company in a research note on Thursday, April 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of Buy and an average target price of $19.00.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $13.92 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07. Hamilton Insurance Group has a twelve month low of $12.44 and a twelve month high of $16.35. The company has a 50-day simple moving average of $13.80.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.58. The business had revenue of $495.16 million during the quarter, compared to analysts’ expectations of $412.55 million. As a group, equities analysts expect that Hamilton Insurance Group will post 3.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $33,630,000. Wellington Management Group LLP acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $19,249,000. Nuveen Asset Management LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $18,556,000. Balyasny Asset Management L.P. acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $12,527,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $9,352,000. 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.