Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Target Price at $21.43

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.43.

Several research firms have issued reports on HG. Barclays initiated coverage on Hamilton Insurance Group in a research note on Wednesday, September 4th. They set an "overweight" rating and a $26.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of 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 lifted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company a "market outperform" rating in a research report on Thursday, August 8th. Morgan Stanley downgraded shares of Hamilton Insurance Group from an "overweight" rating to an "equal weight" rating and set a $19.00 price target on the stock. in a research note on Monday, August 19th. Finally, Wells Fargo & Company increased their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Hamilton Insurance Group in the second quarter valued at approximately $34,000. Financial Management Professionals Inc. acquired a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at $34,000. US Bancorp DE purchased a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at $107,000. American International Group Inc. acquired a new stake in Hamilton Insurance Group during the 1st quarter worth $115,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Hamilton Insurance Group in the second quarter valued at $156,000. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Trading Up 2.1 %

Hamilton Insurance Group stock traded up $0.36 during trading on Tuesday, reaching $17.91. 620,700 shares of the company were exchanged, compared to its average volume of 430,538. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The stock's 50 day simple moving average is $18.58 and its two-hundred day simple moving average is $17.20. The company has a market capitalization of $1.83 billion and a P/E ratio of 4.26. Hamilton Insurance Group has a 52-week low of $12.44 and a 52-week high of $20.71.

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, topping analysts' consensus estimates of $0.91 by $0.29. The company had revenue of $587.94 million for the quarter, compared to the consensus estimate of $502.37 million. Hamilton Insurance Group had a net margin of 21.45% and a return on equity of 21.77%. On average, equities research analysts expect that Hamilton Insurance Group will post 4.12 earnings per share for the current fiscal year.

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.