Hamilton Insurance Group (NYSE:HG) Trading 5.6% Higher

Hamilton Insurance Group, Ltd. (NYSE:HG)’s share price traded up 5.6% during trading on Thursday . The company traded as high as $14.11 and last traded at $14.11. 64,770 shares were traded during mid-day trading, a decline of 75% from the average session volume of 261,665 shares. The stock had previously closed at $13.36.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company raised Hamilton Insurance Group from an “equal weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a research note on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Hamilton Insurance Group in a research note on Monday, April 15th. Finally, Morgan Stanley decreased their price target on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Buy” and an average target price of $19.00.

Hamilton Insurance Group Stock Up 2.7 %

The stock has a fifty day moving average price of $13.79. 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) last announced 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 firm had revenue of $495.16 million during the quarter, compared to the consensus estimate of $412.55 million. As a group, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HG. Newbridge Financial Services Group Inc. purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $25,000. Oxford Asset Management LLP purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $199,000. Belfer Management LLC purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $352,000. Russell Investments Group Ltd. purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $477,000. Finally, Norges Bank purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter worth approximately $502,000. 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.