Wells Fargo & Company upgraded shares of Hamilton Insurance Group (NYSE:HG - Free Report) from an equal weight rating to an overweight rating in a research note published on Thursday, MarketBeat.com reports. Wells Fargo & Company currently has $16.00 target price on the stock.
Separately, JMP Securities lifted their target price on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an outperform rating in a report on Thursday, March 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $19.40.
View Our Latest Research Report on Hamilton Insurance Group
Hamilton Insurance Group Trading Up 3.2 %
Hamilton Insurance Group stock traded up $0.40 during mid-day trading on Thursday, reaching $12.84. 463,858 shares of the company traded hands, compared to its average volume of 259,208. The company has a fifty day moving average price of $13.97. Hamilton Insurance Group has a fifty-two week low of $12.44 and a fifty-two week high of $16.35.
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 analysts' consensus estimates of $0.57 by $0.58. The firm had revenue of $495.16 million during the quarter, compared to analysts' expectations of $412.55 million. On average, sell-side analysts predict that Hamilton Insurance Group will post 2.65 EPS for the current fiscal year.
Institutional Trading of Hamilton Insurance Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new position in Hamilton Insurance Group in the fourth quarter valued at $19,249,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at about $25,000. HBK Investments L P purchased a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $748,000. Gillson Capital LP acquired a new position in Hamilton Insurance Group in the 4th quarter worth about $1,314,000. Finally, Ghisallo Capital Management LLC purchased a new position in Hamilton Insurance Group during the fourth quarter worth approximately $3,738,000. 29.17% of the stock is owned by institutional investors and hedge funds.
About Hamilton Insurance Group
(
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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.
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