Hamilton Insurance Group (NYSE:HG) Rating Reiterated by JMP Securities

Hamilton Insurance Group (NYSE:HG - Get Free Report)'s stock had its "market outperform" rating restated by JMP Securities in a note issued to investors on Monday, Benzinga reports. They presently have a $22.00 price target on the stock. JMP Securities' price objective indicates a potential upside of 66.79% from the company's current price.

Separately, Wells Fargo & Company upgraded shares of Hamilton Insurance Group from an "equal weight" rating to an "overweight" rating and set a $16.00 price target for the company in a research report on Thursday. Five research 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 a consensus target price of $19.00.

Hamilton Insurance Group Price Performance

HG traded up $0.21 during trading on Monday, hitting $13.19. The stock had a trading volume of 375,297 shares, compared to its average volume of 264,661. Hamilton Insurance Group has a twelve month low of $12.44 and a twelve month high of $16.35. 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 business's 50 day simple moving average is $13.89.

Hamilton Insurance Group (NYSE:HG - Get Free Report) last issued its earnings results 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 business had revenue of $495.16 million for the quarter, compared to analysts' expectations of $412.55 million. As a group, analysts predict that Hamilton Insurance Group will post 2.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new position in shares of Hamilton Insurance Group in the 4th quarter valued at $19,249,000. Newbridge Financial Services Group Inc. purchased a new position in Hamilton Insurance Group during the 4th quarter worth $25,000. HBK Investments L P purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at about $748,000. Gillson Capital LP purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at about $1,314,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at about $3,738,000. Hedge funds and other 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.