Hamilton Insurance Group (NYSE:HG) Price Target Increased to $23.00 by Analysts at JMP Securities

Hamilton Insurance Group (NYSE:HG - Get Free Report) had its target price boosted by investment analysts at JMP Securities from $22.00 to $23.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. JMP Securities' price target would suggest a potential upside of 43.12% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company raised shares of Hamilton Insurance Group from an "equal weight" rating to an "overweight" rating and set a $16.00 price objective for the company in a research note on Thursday, April 11th. Morgan Stanley dropped their price target on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $19.20.

Hamilton Insurance Group Stock Performance

NYSE HG traded up $0.93 on Thursday, reaching $16.07. The company had a trading volume of 1,029,677 shares, compared to its average volume of 267,604. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. The stock's 50 day moving average is $13.75. Hamilton Insurance Group has a 12 month low of $12.44 and a 12 month high of $16.35.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.58. The company had revenue of $495.16 million during the quarter, compared to the consensus estimate of $412.55 million. As a group, analysts anticipate that Hamilton Insurance Group will post 3.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of large investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at about $25,000. Fifth Lane Capital LP purchased a new stake in Hamilton Insurance Group in the 1st quarter valued at about $151,000. Oxford Asset Management LLP purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at about $199,000. Belfer Management LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at about $352,000. Finally, Swiss National Bank bought a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at about $462,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Company Profile

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.