Hamilton Insurance Group (NYSE:HG) Given New $19.00 Price Target at Wells Fargo & Company

Hamilton Insurance Group (NYSE:HG - Get Free Report) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $19.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective indicates a potential upside of 18.68% from the stock's previous close.

A number of other analysts also recently commented on HG. Morgan Stanley decreased their target price on Hamilton Insurance Group from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, April 15th. JMP Securities upped their price objective on Hamilton Insurance Group from $22.00 to $23.00 and gave the company a "market outperform" rating in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $19.80.

Hamilton Insurance Group Trading Down 0.7 %

HG traded down $0.11 during trading on Friday, hitting $16.01. 482,006 shares of the stock were exchanged, compared to its average volume of 269,959. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07. The company's fifty day simple moving average is $13.75. Hamilton Insurance Group has a 1-year low of $12.44 and a 1-year high of $16.58.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its 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 analyst estimates of $412.55 million. On average, research analysts predict that Hamilton Insurance Group will post 3.08 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HG. Newbridge Financial Services Group Inc. bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $25,000. Fifth Lane Capital LP bought a new stake in shares of Hamilton Insurance Group in the 1st quarter worth approximately $151,000. Oxford Asset Management LLP bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $199,000. Belfer Management LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $352,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $477,000. Institutional investors own 29.17% of the company's stock.

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.