Hamilton Insurance Group (NYSE:HG) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Hamilton Insurance Group (NYSE:HG) in a report released on Monday, Benzinga reports. The firm currently has a $22.00 price target on the stock.

Separately, 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 for the company in a research note on Thursday, April 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $19.00.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $13.92 on Monday. 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 has a fifty-two week low of $12.44 and a fifty-two week high of $16.35. The firm has a 50-day moving average price of $13.80.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.15 EPS for the quarter, topping 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, research analysts anticipate that Hamilton Insurance Group will post 3.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hamilton Insurance Group

A number of large investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Hamilton Insurance Group during the fourth quarter worth about $25,000. Oxford Asset Management LLP purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at approximately $199,000. Belfer Management LLC acquired a new position in Hamilton Insurance Group during the 4th quarter worth approximately $352,000. Russell Investments Group Ltd. purchased a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $477,000. Finally, Norges Bank acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $502,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

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.