JMP Securities Reiterates Market Outperform Rating for Hamilton Insurance Group (NYSE:HG)

Hamilton Insurance Group (NYSE:HG)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a report issued on Monday, Benzinga reports. They presently have a $22.00 price objective on the stock. JMP Securities’ price objective indicates a potential upside of 60.00% from the company’s previous close.

Separately, Wells Fargo & Company raised shares of Hamilton Insurance Group from an “equal weight” rating to an “overweight” rating and set a $16.00 target price on the stock in a report on Thursday, April 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $19.00.

Hamilton Insurance Group Trading Up 4.2 %

NYSE:HG opened at $13.75 on Monday. Hamilton Insurance Group has a 52-week low of $12.44 and a 52-week high of $16.35. The stock’s 50-day moving average price is $13.85. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.07.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.58. The firm had revenue of $495.16 million during the quarter, compared to the consensus estimate of $412.55 million. As a group, analysts forecast that Hamilton Insurance Group will post 2.65 earnings per share for the current fiscal year.

Institutional Trading of Hamilton Insurance Group

Several institutional investors have recently modified their holdings of HG. Newbridge Financial Services Group Inc. bought a new position in shares of Hamilton Insurance Group in the fourth quarter valued at $25,000. Oxford Asset Management LLP purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at about $199,000. Belfer Management LLC purchased a new stake in Hamilton Insurance Group during the fourth quarter valued at about $352,000. Russell Investments Group Ltd. purchased a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at $477,000. Finally, Norges Bank purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $502,000. 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.