Keefe, Bruyette & Woods Increases Hamilton Insurance Group (NYSE:HG) Price Target to $35.00

Hamilton Insurance Group (NYSE:HG) had its price target hoisted by research analysts at Keefe, Bruyette & Woods from $30.00 to $35.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 14.44% from the company’s current price.

HG has been the topic of a number of other research reports. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Zacks Research lowered shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $26.00 price objective on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Finally, Citizens Jmp raised their target price on Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.14.

Hamilton Insurance Group Trading Up 4.3%

Hamilton Insurance Group stock opened at $30.58 on Monday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 5.49 and a beta of 0.70. Hamilton Insurance Group has a 52-week low of $16.80 and a 52-week high of $31.67. The firm has a 50-day moving average price of $28.13 and a two-hundred day moving average price of $25.99. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Thursday, February 19th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.84%. The business had revenue of $728.33 million during the quarter, compared to analyst estimates of $621.00 million. Sell-side analysts expect that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. lifted its stake in shares of Hamilton Insurance Group by 30.5% in the 3rd quarter. Federated Hermes Inc. now owns 587,951 shares of the company’s stock worth $14,581,000 after acquiring an additional 137,501 shares during the period. Inspire Investing LLC bought a new stake in Hamilton Insurance Group during the third quarter worth approximately $1,082,000. Great Lakes Advisors LLC acquired a new stake in Hamilton Insurance Group in the third quarter worth approximately $2,222,000. Seizert Capital Partners LLC acquired a new stake in Hamilton Insurance Group in the third quarter worth approximately $2,106,000. Finally, American Century Companies Inc. boosted its stake in Hamilton Insurance Group by 15.7% during the 2nd quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock valued at $47,879,000 after purchasing an additional 301,334 shares in the last quarter. 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.