Hamilton Insurance Group (NYSE:HG – Get Free Report) had its target price hoisted by research analysts at Morgan Stanley from $34.00 to $37.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 4.85% from the company’s previous close.
HG has been the subject of a number of other reports. Zacks Research cut shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. UBS Group set a $33.00 price target on shares of Hamilton Insurance Group in a research note on Thursday, May 21st. Citigroup restated a “neutral” rating on shares of Hamilton Insurance Group in a report on Wednesday, August 12th. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.12.
Check Out Our Latest Analysis on Hamilton Insurance Group
Hamilton Insurance Group Price Performance
Hamilton Insurance Group (NYSE:HG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.56 earnings per share (EPS) for the quarter. The business had revenue of $839.58 million during the quarter. Hamilton Insurance Group had a return on equity of 22.60% and a net margin of 19.56%. As a group, sell-side analysts predict that Hamilton Insurance Group will post 4.12 earnings per share for the current fiscal year.
Institutional Trading of Hamilton Insurance Group
Several large investors have recently added to or reduced their stakes in HG. Kestra Advisory Services LLC acquired a new stake in shares of Hamilton Insurance Group during the fourth quarter worth approximately $25,000. KBC Group NV acquired a new position in shares of Hamilton Insurance Group in the 1st quarter worth approximately $65,000. Royal Bank of Canada grew its position in Hamilton Insurance Group by 15.8% during the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock worth $84,000 after acquiring an additional 410 shares during the last quarter. Strs Ohio bought a new stake in Hamilton Insurance Group during the 1st quarter worth approximately $112,000. Finally, Tower Research Capital LLC TRC increased its holdings in Hamilton Insurance Group by 24.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after purchasing an additional 1,101 shares in the last quarter. 29.17% of the stock is owned by 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.
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