Hamilton Insurance Group (NYSE:HG) Price Target Cut to $24.00 by Analysts at Wells Fargo & Company

Hamilton Insurance Group (NYSE:HG - Free Report) had its price objective trimmed by Wells Fargo & Company from $25.00 to $24.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Barclays raised 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, July 7th. BMO Capital Markets reaffirmed a "market perform" rating and set a $23.00 target price on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Finally, Morgan Stanley raised their target price 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Hamilton Insurance Group Stock Down 0.3%

Hamilton Insurance Group stock traded down $0.07 during trading on Thursday, hitting $20.55. 549,159 shares of the company were exchanged, compared to its average volume of 542,962. The business's 50 day moving average is $21.00 and its 200 day moving average is $19.85. Hamilton Insurance Group has a 52 week low of $15.31 and a 52 week high of $22.33. The company has a market capitalization of $2.08 billion, a P/E ratio of 6.78 and a beta of 0.82. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.06.

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

Insider Buying and Selling at Hamilton Insurance Group

In related news, CEO Adrian Joseph Daws sold 6,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the sale, the chief executive officer owned 190,440 shares of the company's stock, valued at approximately $4,189,680. This represents a 3.05% decrease in their position. The sale 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 the company's stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average cost of $21.05 per share, for a total transaction of $99,987.50. Following the acquisition, the director directly owned 20,892 shares in the company, valued at $439,776.60. This represents a 29.43% increase in their position. The disclosure for this purchase can be found here. 17.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Hamilton Insurance Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in shares of Hamilton Insurance Group by 0.6% in the 1st quarter. Deutsche Bank AG now owns 100,206 shares of the company's stock valued at $2,077,000 after acquiring an additional 555 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Hamilton Insurance Group by 1.0% in the 1st quarter. Rhumbline Advisers now owns 57,764 shares of the company's stock valued at $1,197,000 after acquiring an additional 557 shares in the last quarter. Corebridge Financial Inc. raised its holdings in shares of Hamilton Insurance Group by 3.1% in the 1st quarter. Corebridge Financial Inc. now owns 20,297 shares of the company's stock valued at $421,000 after acquiring an additional 616 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Hamilton Insurance Group by 3.2% in the 4th quarter. Voya Investment Management LLC now owns 21,675 shares of the company's stock valued at $412,000 after acquiring an additional 679 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Hamilton Insurance Group by 92.2% in the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company's stock valued at $30,000 after acquiring an additional 685 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Company Profile

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.