Keefe, Bruyette & Woods Boosts Hamilton Insurance Group (NYSE:HG) Price Target to $25.00

Hamilton Insurance Group (NYSE:HG) had its price objective lifted by Keefe, Bruyette & Woods from $23.00 to $25.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 20.76% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, JMP Securities set a $27.00 target price on shares of Hamilton Insurance Group in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.80.

Hamilton Insurance Group Trading Down 1.0 %

HG opened at $20.70 on Tuesday. Hamilton Insurance Group has a one year low of $12.44 and a one year high of $21.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day simple moving average of $19.06 and a two-hundred day simple moving average of $18.81. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 4.63 and a beta of 0.92.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $543.94 million during the quarter, compared to analysts’ expectations of $460.17 million. Analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current year.

Institutional Trading of Hamilton Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of HG. Wellington Management Group LLP grew its stake in shares of Hamilton Insurance Group by 198.2% in the third quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock worth $71,859,000 after acquiring an additional 2,469,422 shares during the period. JPMorgan Chase & Co. boosted its holdings in Hamilton Insurance Group by 538.4% in the third quarter. JPMorgan Chase & Co. now owns 862,314 shares of the company’s stock worth $16,677,000 after purchasing an additional 727,242 shares during the last quarter. Private Management Group Inc. bought a new stake in Hamilton Insurance Group in the 4th quarter worth approximately $10,511,000. Jacobs Levy Equity Management Inc. purchased a new stake in Hamilton Insurance Group during the 3rd quarter valued at $9,419,000. Finally, State Street Corp lifted its holdings in shares of Hamilton Insurance Group by 133.3% during the 3rd quarter. State Street Corp now owns 532,632 shares of the company’s stock valued at $10,301,000 after buying an additional 304,371 shares during the period. Institutional investors own 29.17% of the company’s stock.

About Hamilton Insurance Group

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.