Hamilton Insurance Group (NYSE:HG) Trading 5.6% Higher

Hamilton Insurance Group, Ltd. (NYSE:HG)’s stock price shot up 5.6% during trading on Thursday . The company traded as high as $14.11 and last traded at $14.11. 64,770 shares were traded during mid-day trading, a decline of 75% from the average session volume of 261,665 shares. The stock had previously closed at $13.36.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised 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. Morgan Stanley reduced their price target on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price target on shares of Hamilton Insurance Group in a research report on Monday, April 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $19.00.

Hamilton Insurance Group Trading Up 2.7 %

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 company’s fifty day simple moving average is $13.79.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.58. The company had revenue of $495.16 million for the quarter, compared to analysts’ expectations of $412.55 million. As a group, analysts predict that Hamilton Insurance Group, Ltd. will post 3.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of large investors have recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $19,249,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $25,000. HBK Investments L P acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $748,000. Gillson Capital LP acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $1,314,000. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Hamilton Insurance Group in the fourth quarter worth about $3,738,000. 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.