Hamilton Insurance Group (NYSE:HG) Shares Gap Up to $15.14

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $15.14, but opened at $16.03. Hamilton Insurance Group shares last traded at $15.63, with a volume of 174,520 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JMP Securities increased their target price on Hamilton Insurance Group from $22.00 to $23.00 and gave the company a "market outperform" rating in a report on Thursday. Morgan Stanley dropped their price objective on Hamilton Insurance Group from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company upgraded shares of Hamilton Insurance Group from an "equal weight" rating to an "overweight" rating and set a $16.00 target price on the stock in a report on Thursday, April 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of "Buy" and a consensus price target of $19.20.

Hamilton Insurance Group Price Performance

The firm has a 50-day moving average of $13.70. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07.

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 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. Analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several large investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in Hamilton Insurance Group during the 4th quarter worth $25,000. Fifth Lane Capital LP acquired a new position in Hamilton Insurance Group during the 1st quarter valued at approximately $151,000. Oxford Asset Management LLP bought a new position in Hamilton Insurance Group during the 4th quarter worth $199,000. Belfer Management LLC acquired a new stake in Hamilton Insurance Group in the fourth quarter worth $352,000. Finally, Swiss National Bank bought a new stake in Hamilton Insurance Group in the first quarter valued at $462,000. Institutional investors and hedge funds 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.