Analysts Set Hamilton Insurance Group, Ltd. (NYSE:HG) Target Price at $21.29

Hamilton Insurance Group, Ltd. (NYSE:HG) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.29.

Several research firms recently issued reports on HG. Keefe, Bruyette & Woods upped their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. JMP Securities increased their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. Wells Fargo & Company raised their price target on shares of Hamilton Insurance Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Barclays assumed coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price objective for the company. Finally, Morgan Stanley cut shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price on the stock. in a report on Monday, August 19th.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock opened at $18.50 on Monday. 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 has a 1 year low of $12.44 and a 1 year high of $20.06. The firm’s 50-day simple moving average is $18.06 and its 200-day simple moving average is $16.10. The firm has a market cap of $2.05 billion and a PE ratio of 5.62.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.29. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. The firm had revenue of $587.94 million during the quarter, compared to analyst estimates of $502.37 million. Equities analysts forecast that Hamilton Insurance Group will post 4.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several large investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Hamilton Insurance Group during the fourth quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Hamilton Insurance Group during the 2nd quarter valued at about $34,000. American International Group Inc. bought a new stake in shares of Hamilton Insurance Group during the 1st quarter worth about $115,000. Rhumbline Advisers lifted its stake in shares of Hamilton Insurance Group by 52.0% in the 2nd quarter. Rhumbline Advisers now owns 25,068 shares of the company’s stock worth $417,000 after acquiring an additional 8,572 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hamilton Insurance Group in the 2nd quarter worth approximately $156,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

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.