Hamilton Insurance Group (NYSE:HG) Price Target Raised to $33.00 at Citigroup

Hamilton Insurance Group (NYSE:HG) had its price objective upped by Citigroup from $28.50 to $33.00 in a research note published on Tuesday morning, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

Several other analysts have also recently issued reports on HG. Morgan Stanley set a $28.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 16th. Barclays restated an “overweight” rating and set a $35.00 price objective on shares of Hamilton Insurance Group in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their target price on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday. Finally, BMO Capital Markets restated a “market perform” rating and set a $26.00 price target on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.29.

Hamilton Insurance Group Stock Down 1.4%

NYSE HG opened at $30.54 on Tuesday. The stock has a 50 day moving average price of $28.24 and a 200-day moving average price of $26.10. Hamilton Insurance Group has a one year low of $16.80 and a one year high of $31.67. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $3.00 billion, a P/E ratio of 5.48 and a beta of 0.70.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.84%. The company had revenue of $728.33 million for the quarter, compared to analysts’ expectations of $621.00 million. As a group, equities analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Hamilton Insurance Group Dividend Announcement

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

Institutional Trading of Hamilton Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of Hamilton Insurance Group by 15.8% during the fourth quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after purchasing an additional 410 shares during the last quarter. Arizona State Retirement System increased its stake in Hamilton Insurance Group by 3.4% in the 3rd quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock worth $344,000 after buying an additional 458 shares during the period. Alps Advisors Inc. lifted its holdings in Hamilton Insurance Group by 2.6% during the 3rd quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock valued at $466,000 after buying an additional 469 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Hamilton Insurance Group by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after buying an additional 585 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Hamilton Insurance Group in the 4th quarter worth about $25,000. Hedge funds and other 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.