Brokerages Set Hamilton Insurance Group, Ltd. (NYSE:HG) Target Price at $20.00

Shares of Hamilton Insurance Group, Ltd. (NYSE:HGGet Free Report) have received an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.00.

A number of brokerages have recently issued reports on HG. JMP Securities boosted their target price on Hamilton Insurance Group from $22.00 to $23.00 and gave the stock a “market outperform” rating in a report on Thursday, May 9th. Wells Fargo & Company upped their price target on Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.00 price target (up previously from $20.00) on shares of Hamilton Insurance Group in a report on Thursday, May 16th. Finally, Morgan Stanley decreased their price target on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, April 15th.

Check Out Our Latest Report on Hamilton Insurance Group

Hamilton Insurance Group Stock Down 0.8 %

Shares of NYSE:HG opened at $16.42 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.83 and a current ratio of 0.83. Hamilton Insurance Group has a 1 year low of $12.44 and a 1 year high of $17.76. The stock has a market capitalization of $1.82 billion and a P/E ratio of 4.99. The stock has a 50-day simple moving average of $15.38 and a 200-day simple moving average of $14.85.

Hamilton Insurance Group (NYSE:HGGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.30. Hamilton Insurance Group had a return on equity of 18.53% and a net margin of 19.11%. The business had revenue of $658.65 million during the quarter, compared to analysts’ expectations of $464.96 million. Equities analysts forecast that Hamilton Insurance Group will post 3.43 earnings per share for the current year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, Director Alan Neil Patterson bought 21,135 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of $16.66 per share, with a total value of $352,109.10. Following the transaction, the director now directly owns 21,135 shares in the company, valued at approximately $352,109.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Hamilton Insurance Group news, CAO Brian John Deegan sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $16.70, for a total value of $367,400.00. Following the transaction, the chief accounting officer now directly owns 18,957 shares of the company’s stock, valued at approximately $316,581.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alan Neil Patterson bought 21,135 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was acquired at an average cost of $16.66 per share, for a total transaction of $352,109.10. Following the completion of the transaction, the director now owns 21,135 shares in the company, valued at $352,109.10. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of institutional investors have recently made changes to their positions in HG. Newbridge Financial Services Group Inc. acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at approximately $25,000. American International Group Inc. acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at approximately $115,000. Fifth Lane Capital LP acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at approximately $151,000. Oxford Asset Management LLP acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter valued at approximately $199,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at approximately $233,000. 29.17% of the stock is owned by institutional investors and hedge funds.

About Hamilton Insurance Group

(Get Free Report

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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Analyst Recommendations for Hamilton Insurance Group (NYSE:HG)

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