Hamilton Insurance Group (NYSE:HG) Price Target Raised to $37.00

Key Points

• Morgan Stanley raised Hamilton Insurance Group’s price target to $37 from $34 while maintaining an “equal weight” rating, implying 4.85% upside from the prior close.
• Analyst sentiment is moderately positive: five analysts rate the stock a Buy and four rate it a Hold, producing a consensus “Moderate Buy” rating and $36.12 price target.
• Hamilton reported quarterly EPS of $1.56 on $839.58 million in revenue, with a 19.56% net margin and 22.60% return on equity; institutional investors own 29.17% of the shares.

Hamilton Insurance Group (NYSE:HG - Get Free Report) had its target price upped by research analysts at Morgan Stanley from $34.00 to $37.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 4.85% from the stock's previous close.

HG has been the topic of a number of other reports. Zacks Research downgraded shares of Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 7th. Citizens Jmp boosted their target price on Hamilton Insurance Group from $40.00 to $42.00 and gave the stock a "market outperform" rating in a report on Friday, August 7th. Wall Street Zen downgraded Hamilton Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Wells Fargo & Company upped their price objective on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Finally, Barclays raised their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.12.

Hamilton Insurance Group Price Performance

Shares of HG opened at $35.29 on Wednesday. Hamilton Insurance Group has a one year low of $22.66 and a one year high of $37.31. The stock's fifty day moving average is $34.25 and its 200-day moving average is $31.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 6.15 and a beta of 0.33.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.56 earnings per share for the quarter. The business had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a net margin of 19.56% and a return on equity of 22.60%. Equities analysts anticipate that Hamilton Insurance Group will post 4.12 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $25,000. KBC Group NV purchased a new stake in shares of Hamilton Insurance Group in the first quarter valued at $65,000. Royal Bank of Canada boosted its position in shares of Hamilton Insurance Group by 15.8% in the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company's stock worth $84,000 after buying an additional 410 shares during the period. Strs Ohio acquired a new stake in shares of Hamilton Insurance Group in the first quarter worth $112,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Hamilton Insurance Group by 24.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company's stock valued at $123,000 after buying an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company's stock.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.

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