Barclays Raises Hamilton Insurance Group (NYSE:HG) Price Target to $25.00

Hamilton Insurance Group (NYSE:HG - Free Report) had its price objective boosted by Barclays from $21.00 to $25.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

HG has been the subject of a number of other reports. Wells Fargo & Company lowered their price target on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. BMO Capital Markets restated a "market perform" rating and issued a $23.00 price target on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Morgan Stanley raised their price target on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Hamilton Insurance Group Stock Down 2.1%

Shares of Hamilton Insurance Group stock traded down $0.44 during trading on Monday, hitting $20.61. 552,601 shares of the stock were exchanged, compared to its average volume of 540,478. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 6.80 and a beta of 0.82. Hamilton Insurance Group has a 12-month low of $15.31 and a 12-month high of $22.33. The firm's 50-day moving average price is $20.92 and its 200 day moving average price is $19.82.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.43. The business had revenue of $843.31 million for the quarter, compared to the consensus estimate of $498.00 million. Hamilton Insurance Group had a net margin of 13.28% and a return on equity of 12.41%. As a group, analysts forecast that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 6,000 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the transaction, the chief executive officer directly owned 190,440 shares in the company, valued at approximately $4,189,680. The trade was a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Therese M. Vaughan acquired 4,750 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average cost of $21.05 per share, with a total value of $99,987.50. Following the purchase, the director owned 20,892 shares in the company, valued at $439,776.60. The trade was a 29.43% increase in their position. The disclosure for this purchase can be found here. Insiders own 17.46% of the company's stock.

Institutional Trading of Hamilton Insurance Group

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Hamilton Insurance Group by 120.1% in the fourth quarter. Bank of New York Mellon Corp now owns 183,584 shares of the company's stock valued at $3,494,000 after purchasing an additional 100,169 shares in the last quarter. US Bancorp DE grew its holdings in shares of Hamilton Insurance Group by 86.2% in the 4th quarter. US Bancorp DE now owns 10,263 shares of the company's stock valued at $195,000 after buying an additional 4,750 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Hamilton Insurance Group by 15.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 128,136 shares of the company's stock valued at $2,438,000 after buying an additional 17,342 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $2,362,000. Finally, Swiss National Bank lifted its stake in Hamilton Insurance Group by 8.6% in the fourth quarter. Swiss National Bank now owns 54,300 shares of the company's stock valued at $1,033,000 after buying an additional 4,300 shares in the last quarter. 29.17% of the stock is owned by institutional investors.

About Hamilton Insurance Group

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.