Hamilton Insurance Group (NYSE:HG) Stock Rating Upgraded by Wall Street Zen

Hamilton Insurance Group (NYSE:HG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also weighed in on HG. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. BMO Capital Markets restated a “market perform” rating and issued a $26.00 price objective on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Citigroup lifted their target price on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.29.

Hamilton Insurance Group Trading Down 2.0%

Hamilton Insurance Group stock opened at $28.65 on Friday. Hamilton Insurance Group has a 12 month low of $16.80 and a 12 month high of $32.21. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.84 billion, a P/E ratio of 5.14 and a beta of 0.56. The company’s fifty day simple moving average is $29.24 and its 200-day simple moving average is $27.00.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Thursday, February 19th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.96. The business had revenue of $728.33 million during the quarter, compared to analyst estimates of $621.00 million. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%. As a group, sell-side analysts forecast that Hamilton Insurance Group will post 4.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Hamilton Insurance Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,297,484 shares of the company’s stock worth $131,378,000 after purchasing an additional 737,084 shares during the last quarter. Nuveen LLC raised its position in shares of Hamilton Insurance Group by 3.5% in the fourth quarter. Nuveen LLC now owns 2,220,738 shares of the company’s stock valued at $61,959,000 after purchasing an additional 74,194 shares during the period. American Century Companies Inc. lifted its stake in shares of Hamilton Insurance Group by 15.7% in the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock worth $47,879,000 after buying an additional 301,334 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in shares of Hamilton Insurance Group by 71.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock worth $43,325,000 after buying an additional 646,106 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hamilton Insurance Group by 1.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock worth $34,063,000 after buying an additional 15,615 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

About Hamilton Insurance Group

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.