Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $19.80 Average PT from Brokerages

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) have earned an average rating of "Buy" from the five analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.80.

Several research analysts have recently commented on HG shares. Wells Fargo & Company boosted their price objective on Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an "overweight" rating in a report on Friday. JMP Securities upped their price objective on shares of Hamilton Insurance Group from $22.00 to $23.00 and gave the company a "market outperform" rating in a research note on Thursday, May 9th. Morgan Stanley decreased their price objective on Hamilton Insurance Group from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods upgraded shares of Hamilton Insurance Group to a "moderate buy" rating in a report on Thursday, May 9th.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth $25,000. American International Group Inc. bought a new stake in Hamilton Insurance Group in the first quarter worth $115,000. Fifth Lane Capital LP bought a new stake in Hamilton Insurance Group in the first quarter worth $151,000. Oxford Asset Management LLP bought a new stake in Hamilton Insurance Group in the fourth quarter worth $199,000. Finally, Capstone Investment Advisors LLC increased its position in Hamilton Insurance Group by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 169,180 shares of the company's stock worth $2,357,000 after purchasing an additional 13,969 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company's stock.

Hamilton Insurance Group Stock Performance

Shares of Hamilton Insurance Group stock traded down $0.09 on Tuesday, reaching $16.02. 297,391 shares of the stock were exchanged, compared to its average volume of 270,009. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.77 billion and a price-to-earnings ratio of 4.87. Hamilton Insurance Group has a one year low of $12.44 and a one year high of $16.58. The firm's 50 day simple moving average is $13.85.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.58. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. The firm had revenue of $495.16 million during the quarter, compared to the consensus estimate of $412.55 million. On average, equities research analysts expect that Hamilton Insurance Group will post 3.43 EPS for the current fiscal year.

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.