Hamilton Insurance Group (NYSE:HG) Given New $36.00 Price Target at Citizens Jmp

Hamilton Insurance Group (NYSE:HG) had its price objective hoisted by Citizens Jmp from $35.00 to $36.00 in a research note published on Monday,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other brokerages also recently commented on HG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Morgan Stanley set a $28.00 price target on shares of Hamilton Insurance Group in a research report on Tuesday, December 16th. Citigroup boosted their price target on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. BMO Capital Markets restated a “market perform” rating and issued a $26.00 price objective on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Finally, Barclays raised their price objective on Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.71.

Hamilton Insurance Group Price Performance

Shares of HG opened at $30.87 on Monday. The stock has a market cap of $3.06 billion, a P/E ratio of 5.54 and a beta of 0.53. Hamilton Insurance Group has a 1 year low of $17.50 and a 1 year high of $32.21. The stock’s 50-day moving average price is $29.94 and its two-hundred day moving average price is $27.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Saturday, February 14th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. The company had revenue of $728.33 million during the quarter, compared to analysts’ expectations of $621.00 million. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. On average, equities analysts predict that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 6th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, March 6th.

Institutional Investors Weigh In On Hamilton Insurance Group

Large investors have recently made changes to their positions in the stock. Corient Private Wealth LLC lifted its position in Hamilton Insurance Group by 8.5% in the 4th quarter. Corient Private Wealth LLC now owns 12,095 shares of the company’s stock valued at $337,000 after acquiring an additional 950 shares in the last quarter. Invesco Ltd. boosted its stake in Hamilton Insurance Group by 16.7% in the 4th quarter. Invesco Ltd. now owns 40,237 shares of the company’s stock worth $1,123,000 after purchasing an additional 5,756 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Hamilton Insurance Group by 11.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,990 shares of the company’s stock worth $307,000 after purchasing an additional 1,093 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Hamilton Insurance Group by 13.0% in the 4th quarter. Mackenzie Financial Corp now owns 23,424 shares of the company’s stock valued at $652,000 after purchasing an additional 2,691 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in shares of Hamilton Insurance Group by 18.8% in the 4th quarter. Voloridge Investment Management LLC now owns 230,328 shares of the company’s stock valued at $6,426,000 after purchasing an additional 36,472 shares during the period. Institutional investors own 29.17% of the company’s stock.

About Hamilton Insurance Group

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.