Hamilton Insurance Group (NYSE:HG) PT Lowered to $20.00

Hamilton Insurance Group (NYSE:HG) had its price objective lowered by Morgan Stanley from $21.00 to $20.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts also recently commented on HG. JMP Securities restated a market outperform rating and issued a $22.00 price objective on shares of Hamilton Insurance Group in a research report on Monday. Wells Fargo & Company upgraded shares of Hamilton Insurance Group from an equal weight rating to an overweight rating and set a $16.00 price objective for the company in a research report on Thursday, April 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of Buy and a consensus target price of $19.00.

Hamilton Insurance Group Trading Up 4.2 %

Shares of HG opened at $13.92 on Monday. Hamilton Insurance Group has a fifty-two week low of $12.44 and a fifty-two week high of $16.35. The business’s 50-day simple moving average is $13.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.79 and a quick ratio of 0.79.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.58. The firm had revenue of $495.16 million during the quarter, compared to analyst estimates of $412.55 million. Equities research analysts predict that Hamilton Insurance Group will post 3.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new position in Hamilton Insurance Group in the fourth quarter valued at about $25,000. Oxford Asset Management LLP purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $199,000. Belfer Management LLC purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $352,000. Russell Investments Group Ltd. purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $477,000. Finally, Norges Bank purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $502,000. 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.