Hamilton Insurance Group (NYSE:HG) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Key Points

• Citizens Jmp raised its price target on Hamilton to $38 (from $36) and maintained a "market outperform" view, implying roughly a 13.9% upside; the stock has a consensus rating of Moderate Buy with an average target of $33.00.
• Hamilton reported Q1 EPS of $1.64, beating estimates by $0.51, while revenue missed at $758.9M versus $933.9M; the company posted about a 19.85% net margin and a 19.43% return on equity.
• Shares traded at $33.38 (near the 52‑week high of $33.19) with a P/E of 6.01 and market cap of $3.31B, and institutional investors own roughly 29% of the stock with several recent inflows.

Hamilton Insurance Group (NYSE:HG - Get Free Report) had its price target raised by research analysts at Citizens Jmp from $36.00 to $38.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. Citizens Jmp's target price would suggest a potential upside of 13.86% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Barclays upped their target price on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Wednesday, April 8th. Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 13th. Citigroup reiterated an "outperform" rating on shares of Hamilton Insurance Group in a research note on Friday. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Finally, Zacks Research lowered shares of Hamilton Insurance Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

Hamilton Insurance Group Stock Performance

Shares of NYSE:HG traded up $0.61 on Friday, reaching $33.38. The company's stock had a trading volume of 74,722 shares, compared to its average volume of 521,603. The stock's 50-day moving average is $30.51 and its two-hundred day moving average is $28.17. Hamilton Insurance Group has a 52-week low of $18.36 and a 52-week high of $33.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $3.31 billion, a P/E ratio of 6.01 and a beta of 0.53.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.51. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. The business had revenue of $758.91 million during the quarter, compared to analysts' expectations of $933.90 million. As a group, sell-side analysts forecast that Hamilton Insurance Group will post 3.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its position in Hamilton Insurance Group by 30.5% during the third quarter. Federated Hermes Inc. now owns 587,951 shares of the company's stock worth $14,581,000 after buying an additional 137,501 shares during the period. Great Lakes Advisors LLC acquired a new position in Hamilton Insurance Group during the third quarter worth about $2,222,000. Seizert Capital Partners LLC acquired a new position in Hamilton Insurance Group during the third quarter worth about $2,106,000. Erste Asset Management GmbH acquired a new position in Hamilton Insurance Group during the third quarter worth about $1,146,000. Finally, SG Americas Securities LLC acquired a new position in Hamilton Insurance Group during the fourth quarter worth about $9,351,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Insurance Group

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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