Hamilton Insurance Group, Ltd.’s Lock-Up Period To Expire on May 8th (NYSE:HG)

Hamilton Insurance Group’s (NYSE:HG) lock-up period will expire on Wednesday, May 8th. Hamilton Insurance Group had issued 15,000,000 shares in its public offering on November 10th. The total size of the offering was $225,000,000 based on an initial share price of $15.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HG. Morgan Stanley decreased their price target on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Wells Fargo & Company upgraded shares of Hamilton Insurance Group from an “equal weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a research report on Thursday, April 11th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $22.00 price target on shares of Hamilton Insurance Group in a research report on Monday, April 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hamilton Insurance Group presently has an average rating of “Buy” and an average target price of $19.00.

Hamilton Insurance Group Trading Up 2.5 %

Shares of Hamilton Insurance Group stock opened at $14.65 on Wednesday. Hamilton Insurance Group has a one year low of $12.44 and a one year high of $16.35. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $13.68.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate 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. As a group, sell-side analysts anticipate that Hamilton Insurance Group will post 3.08 earnings per share for the current year.

Hedge Funds Weigh In On Hamilton Insurance Group

Several hedge funds have recently modified their holdings of HG. Newbridge Financial Services Group Inc. purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $25,000. Fifth Lane Capital LP purchased a new position in Hamilton Insurance Group during the 1st quarter worth approximately $151,000. Oxford Asset Management LLP acquired a new stake in Hamilton Insurance Group during the 4th quarter valued at approximately $199,000. Belfer Management LLC purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at $352,000. Finally, Swiss National Bank acquired a new stake in shares of Hamilton Insurance Group in the first quarter worth $462,000. 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.