Hamilton Insurance Group (NYSE:HG) Price Target Raised to $23.00 at Wells Fargo & Company

Hamilton Insurance Group (NYSE:HG - Get Free Report) had its target price boosted by equities researchers at Wells Fargo & Company from $21.00 to $23.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 15.97% from the company'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 report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.80.

Hamilton Insurance Group Trading Up 1.2 %

Hamilton Insurance Group stock traded up $0.23 during trading hours on Friday, reaching $19.83. The company had a trading volume of 1,224,606 shares, compared to its average volume of 450,279. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 4.44 and a beta of 1.02. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $20.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a 50-day moving average price of $18.88 and a 200 day moving average price of $18.76.

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Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). The firm had revenue of $543.94 million during the quarter, compared to analysts' expectations of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. Equities analysts forecast that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC raised its stake in Hamilton Insurance Group by 295.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock worth $29,000 after buying an additional 1,133 shares in the last quarter. Quarry LP raised its position in shares of Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company's stock worth $32,000 after acquiring an additional 1,341 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $38,000. Bfsg LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $77,000. Finally, Toronto Dominion Bank purchased a new stake in Hamilton Insurance Group in the third quarter worth $97,000. 29.17% of the stock is 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.