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

Key Points

• Morgan Stanley has increased the price target for Hamilton Insurance Group from $23.00 to $25.00, indicating a potential upside of 0.46% from its previous close.
• Multiple analysts have set varied price targets for the stock, with Wells Fargo raising theirs to $26.00 and Keefe, Bruyette & Woods setting a target at $27.00.
• Hamilton Insurance Group reported strong earnings, with an EPS of $1.55 that surpassed estimates, contributing to a net margin of 14.67% and a revenue of $712.03 million for the quarter.

Hamilton Insurance Group (NYSE:HG - Get Free Report) had its price objective hoisted by analysts at Morgan Stanley from $23.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 0.46% from the stock's previous close.

HG has been the subject of several other reports. Wells Fargo & Company boosted their price objective on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hamilton Insurance Group in a research note on Saturday, September 27th. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. JMP Securities boosted their target price on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. Finally, Zacks Research raised shares of Hamilton Insurance Group to a "hold" rating in a research note on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.71.

Hamilton Insurance Group Price Performance

Shares of NYSE HG traded down $0.08 during midday trading on Tuesday, reaching $24.89. The company's stock had a trading volume of 47,490 shares, compared to its average volume of 503,058. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.69 and a current ratio of 0.69. Hamilton Insurance Group has a fifty-two week low of $16.80 and a fifty-two week high of $25.37. The business's 50 day moving average price is $23.60 and its two-hundred day moving average price is $21.51. The company has a market cap of $2.49 billion, a P/E ratio of 6.90 and a beta of 0.82.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. The business had revenue of $712.03 million during the quarter, compared to the consensus estimate of $519.50 million. On average, analysts forecast that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.00, for a total transaction of $455,712.00. Following the sale, the insider owned 64,512 shares of the company's stock, valued at approximately $1,548,288. This represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander James Baker sold 6,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $23.79, for a total transaction of $142,740.00. Following the sale, the insider directly owned 116,338 shares in the company, valued at $2,767,681.02. This trade represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,988 shares of company stock valued at $1,743,842. 17.46% of the stock is currently owned by insiders.

Institutional Trading of Hamilton Insurance Group

A number of institutional investors have recently bought and sold shares of HG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Hamilton Insurance Group by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,812 shares of the company's stock valued at $872,000 after acquiring an additional 6,641 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Hamilton Insurance Group by 5.9% during the fourth quarter. California State Teachers Retirement System now owns 26,745 shares of the company's stock valued at $509,000 after purchasing an additional 1,501 shares during the period. GAMMA Investing LLC raised its holdings in shares of Hamilton Insurance Group by 3,303.3% during the first quarter. GAMMA Investing LLC now owns 18,616 shares of the company's stock valued at $3,860,000 after purchasing an additional 18,069 shares during the period. SG Americas Securities LLC raised its holdings in shares of Hamilton Insurance Group by 126.1% during the first quarter. SG Americas Securities LLC now owns 39,025 shares of the company's stock valued at $809,000 after purchasing an additional 21,766 shares during the period. Finally, Bfsg LLC raised its holdings in shares of Hamilton Insurance Group by 50.2% during the first quarter. Bfsg LLC now owns 6,103 shares of the company's stock valued at $127,000 after purchasing an additional 2,040 shares during the period. Institutional investors own 29.17% of the company's stock.

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.

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