Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Price Target at $36.12

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $36.1250.

HG has been the subject of several recent research reports. Zacks Research cut Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Citizens Jmp upped their target price on shares of Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $35.21 on Friday. Hamilton Insurance Group has a 52 week low of $22.66 and a 52 week high of $37.31. The firm has a 50 day moving average of $34.84 and a two-hundred day moving average of $32.15. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.47 billion, a PE ratio of 6.13 and a beta of 0.33.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%.The firm had revenue of $839.58 million during the quarter. On average, research analysts predict that Hamilton Insurance Group will post 4.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Insurance Group

Several large investors have recently bought and sold shares of HG. California State Teachers Retirement System lifted its holdings in Hamilton Insurance Group by 3,215.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,980,467 shares of the company’s stock worth $67,217,000 after buying an additional 1,920,735 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Hamilton Insurance Group by 39.4% during the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock worth $196,094,000 after acquiring an additional 1,633,397 shares in the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of Hamilton Insurance Group during the 2nd quarter worth about $29,884,000. Freestone Grove Partners LP purchased a new stake in Hamilton Insurance Group during the fourth quarter worth approximately $16,667,000. Finally, Millennium Management LLC lifted its stake in Hamilton Insurance Group by 89.8% during the fourth quarter. Millennium Management LLC now owns 881,667 shares of the company’s stock worth $24,599,000 after purchasing an additional 417,261 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.