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

Hamilton Insurance Group (NYSE:HG - Get Free Report) had its price target lifted by equities researchers at Morgan Stanley from $20.00 to $21.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential downside of 0.92% from the stock's previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets reaffirmed a "market perform" rating and set a $23.00 target price on shares of Hamilton Insurance Group in a report on Thursday, June 5th. Wells Fargo & Company decreased their target price on shares of Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Finally, Barclays increased their target price on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.17.

Hamilton Insurance Group Stock Performance

HG traded up $0.02 on Monday, hitting $21.19. The company's stock had a trading volume of 96,152 shares, compared to its average volume of 540,883. Hamilton Insurance Group has a 12 month low of $15.31 and a 12 month high of $22.33. The firm has a market cap of $2.15 billion, a P/E ratio of 6.98 and a beta of 0.82. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06. The company's 50 day simple moving average is $21.11 and its 200-day simple moving average is $19.88.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.43. The firm had revenue of $843.31 million during 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%. Analysts forecast that Hamilton Insurance Group will post 4.1 EPS for the current year.

Insider Activity at Hamilton Insurance Group

In other news, CEO Adrian Joseph Daws sold 6,000 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $22.00, for a total value of $132,000.00. Following the transaction, the chief executive officer owned 190,440 shares of the company's stock, valued at $4,189,680. This represents a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Therese M. Vaughan acquired 4,750 shares of the company's stock in a transaction dated Monday, May 19th. The shares were bought at an average cost of $21.05 per share, with a total value of $99,987.50. Following the completion of the acquisition, the director directly owned 20,892 shares in the company, valued at $439,776.60. The trade was 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Hamilton Insurance Group during the 1st quarter valued at about $50,838,000. Wellington Management Group LLP lifted its position in Hamilton Insurance Group by 26.1% in the 1st quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company's stock worth $96,570,000 after buying an additional 963,021 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake 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 worth $12,060,000 after buying an additional 465,152 shares in the last quarter. Victory Capital Management Inc. grew its position in Hamilton Insurance Group by 279.5% during the first quarter. Victory Capital Management Inc. now owns 471,128 shares of the company's stock valued at $9,766,000 after acquiring an additional 346,998 shares during the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Hamilton Insurance Group by 60.4% during the first 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 in the last quarter. 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.