Hamilton Insurance Group (NYSE:HG) PT Lowered to $20.00

Hamilton Insurance Group (NYSE:HG) had its price objective lowered by Morgan Stanley from $21.00 to $20.00 in a report issued on Monday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

HG has been the subject of a number of other research reports. JMP Securities reiterated a market outperform rating and issued a $22.00 price target on shares of Hamilton Insurance Group in a report on Monday. Wells Fargo & Company upgraded shares of Hamilton Insurance Group from an equal weight rating to an overweight rating and set a $16.00 target price for the company in a report on Thursday, April 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Hamilton Insurance Group has an average rating of Buy and a consensus target price of $19.00.

Hamilton Insurance Group Trading Up 1.6 %

Shares of HG opened at $13.19 on Monday. The company has a 50-day moving average of $13.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07. Hamilton Insurance Group has a 52-week low of $12.44 and a 52-week high of $16.35.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.58. The company had revenue of $495.16 million during the quarter, compared to analysts’ expectations of $412.55 million. As a group, research analysts anticipate that Hamilton Insurance Group will post 2.65 EPS for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter worth about $33,630,000. Wellington Management Group LLP acquired a new stake in shares of Hamilton Insurance Group in the fourth quarter worth approximately $19,249,000. Nuveen Asset Management LLC purchased a new position in Hamilton Insurance Group in the fourth quarter valued at approximately $18,556,000. Balyasny Asset Management L.P. purchased a new position in Hamilton Insurance Group in the fourth quarter valued at approximately $12,527,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $9,352,000. 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.