Citizens Jmp Issues Positive Forecast for Hamilton Insurance Group (NYSE:HG) Stock Price

Hamilton Insurance Group (NYSE:HGFree Report) had its price objective upped by Citizens Jmp from $32.00 to $35.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

A number of other research firms have also recently commented on HG. BMO Capital Markets reiterated a “market perform” rating and set a $26.00 price objective on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Morgan Stanley set a $28.00 price target on shares of Hamilton Insurance Group in a research report on Tuesday, December 16th. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Citigroup reissued an “outperform” rating on shares of Hamilton Insurance Group in a report on Friday. Finally, Zacks Research cut shares of Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.43.

Read Our Latest Research Report on HG

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $30.36 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $28.13 and a 200-day moving average price of $25.92. Hamilton Insurance Group has a 52 week low of $16.80 and a 52 week high of $31.67. The firm has a market capitalization of $2.99 billion, a PE ratio of 5.45 and a beta of 0.70.

Hamilton Insurance Group (NYSE:HGGet Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. The company had revenue of $728.33 million for the quarter, compared to the consensus estimate of $621.00 million. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.84%. As a group, equities research analysts expect that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 6th will be paid a dividend of $2.00 per share. The ex-dividend date is Friday, March 6th.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. lifted its holdings in Hamilton Insurance Group by 30.5% in the 3rd quarter. Federated Hermes Inc. now owns 587,951 shares of the company’s stock worth $14,581,000 after purchasing an additional 137,501 shares in the last quarter. Inspire Investing LLC purchased a new stake in Hamilton Insurance Group during the 3rd quarter valued at approximately $1,082,000. Great Lakes Advisors LLC bought a new stake in shares of Hamilton Insurance Group during the third quarter valued at approximately $2,222,000. Seizert Capital Partners LLC purchased a new position in shares of Hamilton Insurance Group in the third quarter worth $2,106,000. Finally, American Century Companies Inc. boosted its position in shares of Hamilton Insurance Group by 15.7% during the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock worth $47,879,000 after acquiring an additional 301,334 shares during the last quarter. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group News Summary

Here are the key news stories impacting Hamilton Insurance Group this week:

Hamilton Insurance Group Company Profile

(Get Free Report)

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.

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