Hamilton Insurance Group (NYSE:HG) Stock Price Target Raised at Wells Fargo & Company

Hamilton Insurance Group (NYSE:HG) had its target price boosted by equities research analysts at Wells Fargo & Company from $40.00 to $43.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 22.79% from the company’s current price.

A number of other research firms have also weighed in on HG. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a research note on Wednesday, August 12th. Morgan Stanley dropped their target price on shares of Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. Barclays raised their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Hamilton Insurance Group from a “buy (b+)” rating to a “buy (a)” rating in a report on Wednesday, October 21st. Finally, Keefe, Bruyette & Woods boosted their price target on Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.38.

Hamilton Insurance Group Trading Down 0.1%

Shares of HG stock opened at $35.02 on Monday. The company’s 50-day moving average price is $34.88 and its 200-day moving average price is $32.29. Hamilton Insurance Group has a twelve month low of $22.66 and a twelve month high of $37.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 6.70 and a beta of 0.33.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.87. The firm had revenue of $828.04 million for the quarter, compared to analyst estimates of $693.46 million. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 24.05%. As a group, equities analysts predict that Hamilton Insurance Group will post 4.90 earnings per share for the current year.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, insider Timothy Duffin sold 28,500 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $34.53, for a total transaction of $984,105.00. Following the completion of the transaction, the insider directly owned 223,459 shares in the company, valued at approximately $7,716,039.27. This trade represents a 11.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Brown sold 50,000 shares of Hamilton Insurance Group stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $36.12, for a total transaction of $1,806,000.00. Following the transaction, the director owned 400,000 shares of the company’s stock, valued at approximately $14,448,000. The trade was a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of HG. Wellington Management Group LLP grew its holdings in Hamilton Insurance Group by 39.4% during the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock valued at $196,094,000 after buying an additional 1,633,397 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hamilton Insurance Group by 10.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock worth $44,659,000 after acquiring an additional 140,474 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hamilton Insurance Group by 32.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock valued at $40,312,000 after acquiring an additional 332,405 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Hamilton Insurance Group by 9.5% in the first quarter. Lazard Asset Management LLC now owns 1,049,590 shares of the company’s stock valued at $31,309,000 after acquiring an additional 90,655 shares in the last quarter. Finally, Donald Smith & CO. Inc. acquired a new stake in shares of Hamilton Insurance Group during the second quarter valued at $29,884,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

About Hamilton Insurance Group

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.