Hamilton Insurance Group (NYSE:HG) Price Target Raised to $25.00

Hamilton Insurance Group (NYSE:HG) had its price objective hoisted by Keefe, Bruyette & Woods from $23.00 to $25.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a report on Friday, February 28th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised their target price on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.80.

Hamilton Insurance Group Price Performance

HG stock opened at $20.15 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The business has a 50 day simple moving average of $19.15 and a 200-day simple moving average of $18.83. Hamilton Insurance Group has a twelve month low of $12.44 and a twelve month high of $21.05. The company has a market capitalization of $2.04 billion, a P/E ratio of 4.51 and a beta of 0.92.

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

Insiders Place Their Bets

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 11,076 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $20.69, for a total value of $229,162.44. Following the sale, the chief executive officer now directly owns 203,847 shares of the company’s stock, valued at approximately $4,217,594.43. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Institutional Trading of Hamilton Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of Hamilton Insurance Group by 198.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock valued at $71,859,000 after purchasing an additional 2,469,422 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hamilton Insurance Group by 538.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company’s stock valued at $16,677,000 after purchasing an additional 727,242 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Hamilton Insurance Group by 19.7% in the 4th quarter. Lazard Asset Management LLC now owns 811,166 shares of the company’s stock valued at $15,435,000 after purchasing an additional 133,646 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Hamilton Insurance Group by 31.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 642,260 shares of the company’s stock valued at $12,222,000 after purchasing an additional 155,228 shares in the last quarter. Finally, Private Management Group Inc. acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $10,511,000. 29.17% of the stock is 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.