Hamilton Insurance Group (NYSE:HG) Given New $37.00 Price Target at Barclays

Hamilton Insurance Group (NYSE:HG) had its price objective upped by Barclays from $35.00 to $37.00 in a report issued on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

HG has been the topic of a number of other research reports. Citizens Jmp raised their target price on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, February 20th. Citigroup raised their target price on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Morgan Stanley set a $28.00 target price on shares of Hamilton Insurance Group in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Finally, Zacks Research cut shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.57.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG opened at $31.11 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $29.75 and its two-hundred day moving average price is $27.37. Hamilton Insurance Group has a 52-week low of $16.80 and a 52-week high of $32.21. The stock has a market capitalization of $3.08 billion, a P/E ratio of 5.59 and a beta of 0.53.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Saturday, February 14th. The company reported $1.65 earnings per share (EPS) for the quarter, topping 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 19.43%. The firm had revenue of $728.33 million for the quarter, compared to analysts’ expectations of $621.00 million. As a group, sell-side analysts forecast that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 6th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, March 6th.

Institutional Investors Weigh In On Hamilton Insurance Group

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $25,000. Chesapeake Asset Management LLC raised its holdings in shares of Hamilton Insurance Group by 487.8% during the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock valued at $34,000 after buying an additional 1,000 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Hamilton Insurance Group by 1,404.4% during the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after buying an additional 1,587 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Hamilton Insurance Group by 112.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after buying an additional 937 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Hamilton Insurance Group during the third quarter valued at approximately $71,000. 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.