Hamilton Insurance Group (NYSE:HG) Stock Price Up 5.6%

Hamilton Insurance Group, Ltd. (NYSE:HG - Get Free Report)'s stock price rose 5.6% on Thursday . The stock traded as high as $14.11 and last traded at $14.11. Approximately 64,770 shares changed hands during trading, a decline of 75% from the average daily volume of 261,665 shares. The stock had previously closed at $13.36.

Analysts Set New Price Targets

HG has been the subject of several analyst reports. JMP Securities restated a "market outperform" rating and set a $22.00 price target on shares of Hamilton Insurance Group in a report on Monday. Wells Fargo & Company raised Hamilton Insurance Group from an "equal weight" rating to an "overweight" rating and set a $16.00 target price on the stock in a research report on Thursday, April 11th. Finally, Morgan Stanley cut their price objective on Hamilton Insurance Group from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of "Buy" and an average price target of $19.00.

Hamilton Insurance Group Trading Up 4.2 %

The firm has a fifty day moving average of $13.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.79 and a quick ratio of 0.79.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.58. The firm had revenue of $495.16 million for the quarter, compared to analysts' expectations of $412.55 million. As a group, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 3.08 earnings per share for the current fiscal year.

Institutional Trading of Hamilton Insurance Group

Several hedge funds have recently modified their holdings of HG. Newbridge Financial Services Group Inc. purchased a new stake in Hamilton Insurance Group during the 4th quarter valued at $25,000. Oxford Asset Management LLP purchased a new stake in Hamilton Insurance Group during the 4th quarter valued at $199,000. Belfer Management LLC purchased a new stake in Hamilton Insurance Group during the 4th quarter valued at $352,000. Russell Investments Group Ltd. purchased a new stake in Hamilton Insurance Group during the 4th quarter valued at $477,000. Finally, Norges Bank purchased a new stake in Hamilton Insurance Group in the fourth quarter worth $502,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

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.