Hamilton Insurance Group (NYSE:HG) Stock Rating Upgraded by Wells Fargo & Company

Hamilton Insurance Group (NYSE:HG) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, MarketBeat reports. The firm currently has a $16.00 target price on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 23.27% from the stock’s current price.

Separately, JMP Securities lifted their price objective on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of “Buy” and an average price target of $19.40.

Hamilton Insurance Group Price Performance

Shares of NYSE:HG opened at $12.98 on Thursday. The stock has a fifty day moving average of $13.92. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $16.35.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.58. The business had revenue of $495.16 million during the quarter, compared to analyst estimates of $412.55 million. Equities research analysts predict that Hamilton Insurance Group will post 2.65 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new stake in Hamilton Insurance Group during the 4th quarter worth about $25,000. Belfer Management LLC acquired a new stake in Hamilton Insurance Group during the 4th quarter worth about $352,000. HBK Investments L P acquired a new stake in Hamilton Insurance Group during the 4th quarter worth about $748,000. Wellington Management Group LLP acquired a new stake in Hamilton Insurance Group during the 4th quarter worth about $19,249,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Hamilton Insurance Group during the 4th quarter worth about $1,832,000. 29.17% of the stock is currently owned by institutional investors.

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.