Hamilton Insurance Group, Ltd. (NYSE:HG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $21.43.

Several equities analysts have recently weighed in on the stock. Barclays began coverage on shares of Hamilton Insurance Group in a report on Wednesday, September 4th. They set an "overweight" rating and a $26.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday. Keefe, Bruyette & Woods increased their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 14th. Morgan Stanley lowered Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 price target for the company. in a research note on Monday, August 19th. Finally, JMP Securities upped their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a "market outperform" rating in a report on Thursday, August 8th.

Hedge Funds Weigh In On Hamilton Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Gillson Capital LP purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at approximately $1,314,000. Wellington Management Group LLP acquired a new position in shares of Hamilton Insurance Group in the 4th quarter valued at $19,249,000. HBK Investments L P purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth $748,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter worth about $25,000. Finally, BNP Paribas Financial Markets purchased a new stake in Hamilton Insurance Group in the 1st quarter valued at about $1,473,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Up 3.5 %

NYSE:HG opened at $18.74 on Friday. The company's 50 day moving average is $18.57 and its two-hundred day moving average is $16.59. The company has a market cap of $1.91 billion and a PE ratio of 4.53. Hamilton Insurance Group has a twelve month low of $12.44 and a twelve month high of $20.71. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.29. The firm had revenue of $587.94 million for the quarter, compared to analyst estimates of $502.37 million. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. Analysts anticipate that Hamilton Insurance Group will post 4.12 EPS for the current year.

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.