Wells Fargo & Company Issues Positive Forecast for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HG) had its target price boosted by equities research analysts at Wells Fargo & Company from $21.00 to $23.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 16.25% from the company’s previous close.

Separately, Barclays set a $25.00 price target on Hamilton Insurance Group and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.80.

Hamilton Insurance Group Stock Up 2.2 %

Shares of HG stock traded up $0.43 during mid-day trading on Friday, reaching $19.79. 196,222 shares of the company’s stock traded hands, compared to its average volume of 412,926. The company’s 50-day moving average price is $18.87 and its 200-day moving average price is $18.73. The company has a market cap of $2.01 billion, a P/E ratio of 4.43 and a beta of 1.02. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group has a 12 month low of $12.44 and a 12 month high of $20.71.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $460.17 million. On average, equities analysts expect that Hamilton Insurance Group will post 4.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of Hamilton Insurance Group by 3.2% during the fourth quarter. Voya Investment Management LLC now owns 21,675 shares of the company’s stock valued at $412,000 after acquiring an additional 679 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hamilton Insurance Group by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company’s stock valued at $429,000 after purchasing an additional 886 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Hamilton Insurance Group by 295.1% in the 4th quarter. Sterling Capital Management LLC now owns 1,517 shares of the company’s stock worth $29,000 after purchasing an additional 1,133 shares in the last quarter. Quarry LP increased its holdings in shares of Hamilton Insurance Group by 448.5% in the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Hamilton Insurance Group by 6.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,525 shares of the company’s stock worth $467,000 after purchasing an additional 1,586 shares during the last quarter. Institutional investors own 29.17% of the company’s stock.

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.