Hamilton Insurance Group (NYSE:HG) Shares Up 5.6%

Hamilton Insurance Group, Ltd. (NYSE:HG) traded up 5.6% during mid-day trading on Thursday . The company traded as high as $14.11 and last traded at $14.11. 64,770 shares were traded during trading, a decline of 75% from the average session volume of 261,665 shares. The stock had previously closed at $13.36.

Analysts Set New Price Targets

Several analysts have commented on HG shares. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price objective on shares of Hamilton Insurance Group in a research note on Monday. Morgan Stanley cut their price target on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday. Finally, 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 on the stock in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $19.00.

Hamilton Insurance Group Price Performance

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’s fifty day moving average is $13.82.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.58. The business had revenue of $495.16 million during the quarter, compared to analysts’ expectations of $412.55 million. As a group, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 3.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors have recently made changes to their positions in HG. Newbridge Financial Services Group Inc. acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at about $25,000. Belfer Management LLC acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at approximately $352,000. HBK Investments L P purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $748,000. Wellington Management Group LLP purchased a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $19,249,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $1,832,000. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

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.