Hamilton Insurance Group (NYSE:HG) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Hamilton Insurance Group (NYSE:HG) had its price target upped by Keefe, Bruyette & Woods from $30.00 to $35.00 in a report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Zacks Research cut shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Citizens Jmp boosted their target price on Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, Barclays reiterated an “overweight” rating and issued a $35.00 price target on shares of Hamilton Insurance Group in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.14.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $31.00 on Monday. The business has a 50 day simple moving average of $28.19 and a 200 day simple moving average of $26.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $3.05 billion, a PE ratio of 5.57 and a beta of 0.70. Hamilton Insurance Group has a one year low of $16.80 and a one year high of $31.67.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.96. The firm had revenue of $728.33 million during the quarter, compared to analyst estimates of $621.00 million. Hamilton Insurance Group had a return on equity of 19.84% and a net margin of 19.85%. On average, sell-side analysts forecast that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Hamilton Insurance Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 6th will be issued a dividend of $2.00 per share. The ex-dividend date is Friday, March 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after acquiring an additional 410 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Hamilton Insurance Group by 3.4% in the third quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock valued at $344,000 after buying an additional 458 shares in the last quarter. Alps Advisors Inc. increased its holdings in Hamilton Insurance Group by 2.6% during the third quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock worth $466,000 after buying an additional 469 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Hamilton Insurance Group by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after acquiring an additional 585 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Hamilton Insurance Group in the 4th quarter valued at about $25,000. Institutional investors and hedge funds 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.