Hamilton Insurance Group (NYSE:HG - Get Free Report) had its target price increased by research analysts at Morgan Stanley from $20.00 to $21.00 in a report released on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 0.53% from the stock's previous close.
A number of other equities research analysts have also recently weighed in on HG. BMO Capital Markets restated a "market perform" rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Thursday, June 5th. Barclays lifted their price target on shares of Hamilton Insurance Group from $21.00 to $25.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Hamilton Insurance Group from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.17.
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Hamilton Insurance Group Stock Performance
Shares of NYSE:HG traded up $0.36 on Monday, reaching $20.89. 399,877 shares of the company's stock were exchanged, compared to its average volume of 527,329. The business's 50-day moving average is $21.00 and its two-hundred day moving average is $19.85. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group has a fifty-two week low of $15.31 and a fifty-two week high of $22.33. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 6.89 and a beta of 0.82.
Hamilton Insurance Group (NYSE:HG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.04 by $0.43. The company 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%. As a group, equities research analysts forecast that Hamilton Insurance Group will post 4.1 EPS for the current year.
Insider Activity at Hamilton Insurance Group
In related news, CEO Adrian Joseph Daws sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $22.00, for a total value of $132,000.00. Following the transaction, the chief executive officer directly owned 190,440 shares of the company's stock, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Therese M. Vaughan bought 4,750 shares of Hamilton Insurance Group stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average price of $21.05 per share, with a total value of $99,987.50. Following the completion of the acquisition, the director owned 20,892 shares in the company, valued at approximately $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 company insiders.
Hedge Funds Weigh In On Hamilton Insurance Group
Several large investors have recently made changes to their positions in HG. Goldman Sachs Group Inc. increased its holdings in shares of Hamilton Insurance Group by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company's stock worth $5,797,000 after purchasing an additional 20,926 shares during the period. Voya Investment Management LLC grew its position in Hamilton Insurance Group by 40.0% during the first quarter. Voya Investment Management LLC now owns 30,350 shares of the company's stock worth $629,000 after buying an additional 8,675 shares in the last quarter. Rhumbline Advisers increased its stake in Hamilton Insurance Group by 1.0% during the first quarter. Rhumbline Advisers now owns 57,764 shares of the company's stock valued at $1,197,000 after acquiring an additional 557 shares during the period. Strs Ohio bought a new position in Hamilton Insurance Group during the first quarter valued at about $112,000. Finally, Flaharty Asset Management LLC acquired a new position in Hamilton Insurance Group in the 1st quarter valued at approximately $62,000. Institutional investors and hedge funds own 29.17% of the company's stock.
Hamilton Insurance Group Company Profile
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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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