Hamilton Insurance Group (NYSE:HG) Price Target Lowered to $20.00 at Morgan Stanley

Hamilton Insurance Group (NYSE:HG) had its target price lowered by Morgan Stanley from $21.00 to $20.00 in a research report released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

HG has been the topic of several other research reports. JMP Securities restated a market outperform rating and set a $22.00 price target on shares of Hamilton Insurance Group in a research report on Monday. Wells Fargo & Company upgraded shares of Hamilton Insurance Group from an equal weight rating to an overweight rating and set a $16.00 price target on the stock in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Hamilton Insurance Group currently has an average rating of Buy and a consensus price target of $19.00.

Hamilton Insurance Group Trading Up 1.6 %

NYSE:HG opened at $13.19 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $13.86. Hamilton Insurance Group has a 1-year low of $12.44 and a 1-year high of $16.35.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.57 by $0.58. The firm had revenue of $495.16 million for the quarter, compared to analyst estimates of $412.55 million. On average, equities research analysts anticipate that Hamilton Insurance Group will post 2.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $33,630,000. Wellington Management Group LLP purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $19,249,000. Nuveen Asset Management LLC purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $18,556,000. Balyasny Asset Management L.P. purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $12,527,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $9,352,000. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Company Profile

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.