Hamilton Insurance Group (NYSE:HG) Stock Price Up 6.8% - Time to Buy?

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report)'s share price traded up 6.8% during mid-day trading on Thursday . The company traded as high as $19.71 and last traded at $19.66. 191,985 shares changed hands during trading, a decline of 53% from the average session volume of 405,680 shares. The stock had previously closed at $18.41.

Analysts Set New Price Targets

A number of research firms recently weighed in on HG. Barclays set a $25.00 price target on Hamilton Insurance Group and gave the company an "overweight" rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.80.

Hamilton Insurance Group Stock Performance

The stock has a market capitalization of $1.98 billion, a PE ratio of 4.38 and a beta of 1.02. 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 firm has a 50 day moving average of $18.88 and a 200-day moving average of $18.76.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted 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 return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $543.94 million during the quarter, compared to analysts' expectations of $460.17 million. Research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

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Institutional Investors Weigh In On Hamilton Insurance Group

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Hamilton Insurance Group by 176.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company's stock worth $2,143,000 after acquiring an additional 70,732 shares in the last quarter. Barclays PLC increased its position in Hamilton Insurance Group by 845.0% in the 3rd quarter. Barclays PLC now owns 57,663 shares of the company's stock worth $1,114,000 after purchasing an additional 51,561 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Hamilton Insurance Group during the 3rd quarter worth about $525,000. Geode Capital Management LLC raised its stake in shares of Hamilton Insurance Group by 136.5% during the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company's stock worth $9,197,000 after purchasing an additional 274,483 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Hamilton Insurance Group by 90.0% during the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company's stock valued at $1,845,000 after buying an additional 46,978 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Company Profile

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.