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

JMP Securities reaffirmed their market outperform rating on shares of Hamilton Insurance Group (NYSE:HG) in a research report sent to investors on Monday, Benzinga reports. They currently have a $22.00 price target on the stock.

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 on the stock in a report on Thursday, April 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hamilton Insurance Group has a consensus rating of Buy and an average price target of $19.00.

Hamilton Insurance Group Trading Up 4.2 %

NYSE:HG opened at $13.92 on Monday. 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 has a 12 month low of $12.44 and a 12 month high of $16.35. The business’s fifty day moving average is $13.80.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.58. The firm had revenue of $495.16 million for the quarter, compared to analyst estimates of $412.55 million. On average, sell-side analysts predict that Hamilton Insurance Group will post 3.08 earnings per share for the current year.

Institutional Trading of Hamilton Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of HG. Citadel Advisors LLC purchased a new stake in Hamilton Insurance Group in the 4th quarter worth approximately $33,630,000. Wellington Management Group LLP purchased a new stake in Hamilton Insurance Group during the fourth quarter worth $19,249,000. Nuveen Asset Management LLC acquired a new stake in Hamilton Insurance Group during the fourth quarter valued at $18,556,000. Balyasny Asset Management L.P. purchased a new position in Hamilton Insurance Group in the fourth quarter valued at $12,527,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $9,352,000. 29.17% of the stock is owned by institutional investors and hedge funds.

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.