Wells Fargo & Company Has Lowered Expectations for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HG - Free Report) had its target price reduced by Wells Fargo & Company from $25.00 to $24.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

HG has been the topic of a number of other research reports. Barclays lifted their target price on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an "overweight" rating in a research report on Monday. BMO Capital Markets reaffirmed a "market perform" rating and issued a $23.00 target price on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Finally, Morgan Stanley raised their price objective on Hamilton Insurance Group from $19.00 to $20.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Hamilton Insurance Group Trading Down 0.3%

HG stock traded down $0.07 during midday trading on Thursday, hitting $20.55. 446,203 shares of the company's stock were exchanged, compared to its average volume of 540,512. The stock's fifty day moving average price is $20.97 and its 200-day moving average price is $19.83. 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 company has a market cap of $2.08 billion, a PE ratio of 6.78 and a beta of 0.82. Hamilton Insurance Group has a one year low of $15.31 and a one year high of $22.33.

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

Insider Buying and Selling at Hamilton Insurance Group

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nuveen LLC acquired a new stake in Hamilton Insurance Group in the first quarter valued at $50,838,000. Wellington Management Group LLP increased its holdings in Hamilton Insurance Group by 26.1% in the first quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company's stock valued at $96,570,000 after purchasing an additional 963,021 shares during the period. Bridgeway Capital Management LLC increased its holdings in Hamilton Insurance Group by 398.9% in the first quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company's stock valued at $12,060,000 after purchasing an additional 465,152 shares during the period. Victory Capital Management Inc. grew its holdings in Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock worth $9,766,000 after acquiring an additional 346,998 shares during the period. Finally, Private Management Group Inc. grew its holdings in Hamilton Insurance Group by 60.4% during the 1st quarter. Private Management Group Inc. now owns 885,996 shares of the company's stock worth $18,367,000 after acquiring an additional 333,671 shares during the period. 29.17% of the stock is currently 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.