Hamilton Insurance Group (NYSE:HG) Shares Gap Up to $15.14

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) gapped up prior to trading on Thursday . The stock had previously closed at $15.14, but opened at $16.03. Hamilton Insurance Group shares last traded at $15.63, with a volume of 174,520 shares.

Wall Street Analyst Weigh In

HG has been the subject of a number of recent research reports. Wells Fargo & Company raised 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 note on Thursday, April 11th. Morgan Stanley reduced their target price on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 target price on shares of Hamilton Insurance Group in a research report on Monday, April 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Hamilton Insurance Group has a consensus rating of “Buy” and a consensus target price of $19.00.

Hamilton Insurance Group Stock Performance

The company’s fifty day moving average price is $13.70. 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 (NYSE:HG) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.57 by $0.58. The company had revenue of $495.16 million for the quarter, compared to analyst estimates of $412.55 million. Analysts expect that Hamilton Insurance Group, Ltd. will post 3.08 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds and other institutional investors have recently made changes to their positions in HG. Newbridge Financial Services Group Inc. acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth about $25,000. Fifth Lane Capital LP bought a new stake in shares of Hamilton Insurance Group in the first quarter valued at approximately $151,000. Oxford Asset Management LLP bought a new stake in shares of Hamilton Insurance Group in the fourth quarter valued at approximately $199,000. Belfer Management LLC acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter worth $352,000. Finally, Swiss National Bank bought a new position in Hamilton Insurance Group during the first quarter worth $462,000. 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.