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

Hamilton Insurance Group (NYSE:HG - Free Report) had its price target increased by Barclays from $21.00 to $25.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

HG has been the topic of several other research reports. BMO Capital Markets reissued a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Keefe, Bruyette & Woods lifted their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Morgan Stanley lifted their target price on Hamilton Insurance Group from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company cut their target price on Hamilton Insurance Group from $23.00 to $22.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.67.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG traded down $0.11 during trading hours on Monday, reaching $21.08. 208,083 shares of the stock were exchanged, compared to its average volume of 538,438. The stock's fifty day simple moving average is $20.82 and its 200 day simple moving average is $19.80. Hamilton Insurance Group has a 52 week low of $15.31 and a 52 week high of $22.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 6.96 and a beta of 0.82.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.43. The firm had revenue of $843.31 million for the quarter, compared to the consensus estimate of $498.00 million. Hamilton Insurance Group had a return on equity of 12.41% and a net margin of 13.28%. Sell-side analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current year.

Insider Activity

In related news, CEO Adrian Joseph Daws sold 6,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the sale, the chief executive officer directly owned 190,440 shares of the company's stock, valued at $4,189,680. The trade was a 3.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Therese M. Vaughan bought 4,750 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $21.05 per share, with a total value of $99,987.50. Following the completion of the transaction, the director directly owned 20,892 shares in the company, valued at $439,776.60. This represents a 29.43% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 17.46% of the company's stock.

Institutional Trading of Hamilton Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its position in shares of Hamilton Insurance Group by 295.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,517 shares of the company's stock valued at $29,000 after acquiring an additional 1,133 shares during the last quarter. Amalgamated Bank boosted its stake in Hamilton Insurance Group by 92.2% during the first quarter. Amalgamated Bank now owns 1,428 shares of the company's stock valued at $30,000 after buying an additional 685 shares during the period. CWM LLC lifted its stake in Hamilton Insurance Group by 172.6% during the first quarter. CWM LLC now owns 1,698 shares of the company's stock worth $35,000 after purchasing an additional 1,075 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in Hamilton Insurance Group during the first quarter worth about $62,000. Finally, Strs Ohio bought a new stake in Hamilton Insurance Group during the first quarter worth about $112,000. 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.