Hamilton Insurance Group (NYSE:HG) Given New $21.00 Price Target at Wells Fargo & Company

Hamilton Insurance Group (NYSE:HG) had its price target hoisted by Wells Fargo & Company from $20.00 to $21.00 in a research report released on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on HG. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the company an outperform rating in a report on Wednesday, August 14th. JMP Securities lifted their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a market outperform rating in a research note on Thursday, August 8th. Barclays started coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They set an overweight rating and a $26.00 target price for the company. Finally, Morgan Stanley lowered shares of Hamilton Insurance Group from an overweight rating to an equal weight rating and set a $19.00 price objective for the company. in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $21.43.

Hamilton Insurance Group Stock Performance

Shares of NYSE HG traded down $0.15 during trading hours on Thursday, reaching $18.59. The stock had a trading volume of 95,006 shares, compared to its average volume of 433,541. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.89 billion and a price-to-earnings ratio of 4.53. The firm has a 50-day moving average of $18.57 and a 200-day moving average of $16.59. Hamilton Insurance Group has a fifty-two week low of $12.44 and a fifty-two week high of $20.71.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.29. Hamilton Insurance Group had a net margin of 21.45% and a return on equity of 21.77%. The company had revenue of $587.94 million for the quarter, compared to the consensus estimate of $502.37 million. Equities research analysts predict that Hamilton Insurance Group will post 4.12 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HG. American Century Companies Inc. grew its stake in shares of Hamilton Insurance Group by 17.7% during the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after acquiring an additional 313,417 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Hamilton Insurance Group in the fourth quarter valued at $19,249,000. Acadian Asset Management LLC boosted its stake in Hamilton Insurance Group by 80.3% during the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock valued at $8,265,000 after acquiring an additional 221,372 shares during the last quarter. Federated Hermes Inc. acquired a new position in Hamilton Insurance Group during the 2nd quarter worth $6,454,000. Finally, Renaissance Technologies LLC grew its holdings in Hamilton Insurance Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 357,800 shares of the company’s stock worth $5,957,000 after acquiring an additional 103,426 shares in the last quarter. Hedge funds and other 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.