Hamilton Insurance Group (NYSE:HG) Shares Up 2.4%

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report) was up 2.4% during mid-day trading on Friday . The company traded as high as $13.25 and last traded at $13.15. Approximately 210,586 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 258,308 shares. The stock had previously closed at $12.84.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HG shares. Wells Fargo & Company upgraded 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. JMP Securities boosted their price objective on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, March 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $19.40.

Hamilton Insurance Group Trading Up 1.1 %

The stock's 50 day simple moving average is $13.92.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.57 by $0.58. The company had revenue of $495.16 million for the quarter, compared to analyst estimates of $412.55 million. As a group, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 2.65 EPS for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors and hedge funds have recently bought and sold shares of HG. Citadel Advisors LLC bought a new stake in shares of Hamilton Insurance Group in the 4th quarter worth about $33,630,000. Wellington Management Group LLP acquired a new position in Hamilton Insurance Group during the 4th quarter worth about $19,249,000. Nuveen Asset Management LLC acquired a new position in Hamilton Insurance Group during the 4th quarter worth about $18,556,000. Balyasny Asset Management L.P. acquired a new position in Hamilton Insurance Group during the 4th quarter worth about $12,527,000. Finally, Penn Capital Management Company LLC acquired a new position in Hamilton Insurance Group during the 4th quarter worth about $9,352,000. Institutional investors own 29.17% of the company's stock.

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.