Wells Fargo & Company Increases Hamilton Insurance Group (NYSE:HG) Price Target to $21.00

Hamilton Insurance Group (NYSE:HG) had its price target boosted by analysts at Wells Fargo & Company from $20.00 to $21.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 13.51% from the stock’s previous close.

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

Hamilton Insurance Group Price Performance

Shares of NYSE HG opened at $18.50 on Thursday. Hamilton Insurance Group has a twelve month low of $12.44 and a twelve month high of $20.71. The company has a market cap of $1.89 billion and a PE ratio of 4.47. The business’s 50 day moving average price is $18.57 and its two-hundred day moving average price is $16.59. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06.

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

Institutional Trading of Hamilton Insurance Group

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Hamilton Insurance Group by 61.4% during the third quarter. SG Americas Securities LLC now owns 28,607 shares of the company’s stock worth $553,000 after purchasing an additional 10,885 shares during the last quarter. Algert Global LLC bought a new stake in shares of Hamilton Insurance Group during the 2nd quarter worth $214,000. Alpha DNA Investment Management LLC acquired a new stake in Hamilton Insurance Group in the second quarter valued at about $486,000. Cubist Systematic Strategies LLC grew its position in Hamilton Insurance Group by 137.5% in the second quarter. Cubist Systematic Strategies LLC now owns 110,453 shares of the company’s stock valued at $1,839,000 after acquiring an additional 63,937 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Hamilton Insurance Group by 22.8% during the second quarter. Sei Investments Co. now owns 250,725 shares of the company’s stock worth $4,175,000 after acquiring an additional 46,540 shares in the last quarter. Institutional investors and hedge funds 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.