Citizens Jmp Issues Positive Forecast for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HG) had its price objective hoisted by stock analysts at Citizens Jmp from $35.00 to $36.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would indicate a potential upside of 16.50% from the stock’s current price.

A number of other research firms also recently commented on HG. Wall Street Zen downgraded Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup increased their target price on Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. BMO Capital Markets reiterated a “market perform” rating and set a $26.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Barclays increased their target price on Hamilton Insurance Group from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley set a $28.00 target price on Hamilton Insurance Group in a research report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.71.

Hamilton Insurance Group Trading Up 0.1%

Shares of HG opened at $30.90 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. Hamilton Insurance Group has a 1 year low of $17.50 and a 1 year high of $32.21. The company has a 50 day simple moving average of $29.88 and a two-hundred day simple moving average of $27.48. The firm has a market cap of $3.06 billion, a P/E ratio of 5.54 and a beta of 0.53.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Saturday, February 14th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. The business had revenue of $728.33 million during the quarter, compared to analyst estimates of $621.00 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in Hamilton Insurance Group during the fourth quarter worth $25,000. Chesapeake Asset Management LLC boosted its stake in Hamilton Insurance Group by 487.8% during the fourth quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock worth $34,000 after buying an additional 1,000 shares during the period. Versant Capital Management Inc boosted its stake in Hamilton Insurance Group by 1,404.4% during the third quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock worth $42,000 after buying an additional 1,587 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Hamilton Insurance Group by 112.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock worth $49,000 after buying an additional 937 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in Hamilton Insurance Group during the third quarter worth $71,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Company Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.