Hamilton Insurance Group (NYSE:HG) Stock Rating Lowered by Wall Street Zen

Hamilton Insurance Group (NYSE:HG) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also recently commented on HG. Citigroup boosted their price target on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Citizens Jmp boosted their price target on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research report on Thursday, January 22nd. Morgan Stanley set a $28.00 price target on shares of Hamilton Insurance Group in a research report on Tuesday, December 16th. Finally, Barclays boosted their price target on shares of Hamilton Insurance Group from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Hamilton Insurance Group Trading Up 0.0%

HG opened at $30.88 on Friday. The stock has a market capitalization of $3.06 billion, a P/E ratio of 5.54 and a beta of 0.53. Hamilton Insurance Group has a 12 month low of $16.80 and a 12 month high of $32.21. The firm’s fifty day simple moving average is $29.88 and its 200 day simple moving average is $27.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Saturday, February 14th. The company reported $1.65 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $728.33 million for the quarter, compared to analysts’ expectations of $621.00 million. As a group, research analysts anticipate that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock valued at $131,378,000 after purchasing an additional 737,084 shares during the period. Nuveen LLC raised its holdings in shares of Hamilton Insurance Group by 3.5% in the 4th quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after purchasing an additional 74,194 shares during the period. Donald Smith & CO. Inc. raised its holdings in shares of Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after purchasing an additional 646,106 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hamilton Insurance Group by 1.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock valued at $34,063,000 after purchasing an additional 15,615 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hamilton Insurance Group by 44.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,019,106 shares of the company’s stock valued at $28,433,000 after purchasing an additional 313,829 shares during the period. 29.17% of the stock is owned by institutional investors.

About Hamilton Insurance Group

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.