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

Hamilton Insurance Group (NYSE:HG) had its price target upped by Wells Fargo & Company from $21.00 to $23.00 in a report issued on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

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

Hamilton Insurance Group Trading Up 1.1 %

HG stock opened at $19.57 on Friday. The company has a market capitalization of $1.98 billion, a PE ratio of 4.38 and a beta of 1.02. Hamilton Insurance Group has a 12 month low of $12.44 and a 12 month high of $20.71. The firm’s 50-day moving average is $18.88 and its 200 day moving average is $18.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). The company had revenue of $543.94 million during the quarter, compared to analysts’ expectations of $460.17 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. On average, research analysts anticipate that Hamilton Insurance Group will post 4.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp purchased a new position in shares of Hamilton Insurance Group in the 4th quarter worth approximately $206,000. Public Employees Retirement System of Ohio grew its position in shares of Hamilton Insurance Group by 40.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 38,250 shares of the company’s stock worth $728,000 after buying an additional 11,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Hamilton Insurance Group by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,812 shares of the company’s stock worth $872,000 after buying an additional 6,641 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Hamilton Insurance Group in the 4th quarter worth approximately $212,000. Finally, Man Group plc grew its position in shares of Hamilton Insurance Group by 5.3% in the 4th quarter. Man Group plc now owns 100,273 shares of the company’s stock worth $1,908,000 after buying an additional 5,017 shares during the last quarter. Hedge funds and other institutional investors 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.