Hamilton Insurance Group (NYSE:HG) Shares Gap Up to $15.14

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) gapped up prior to trading on Thursday . The stock had previously closed at $15.14, but opened at $16.03. Hamilton Insurance Group shares last traded at $15.63, with a volume of 174,520 shares traded.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HG shares. Morgan Stanley dropped their price objective on Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. 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 note on Thursday, April 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price objective on shares of Hamilton Insurance Group in a research report on Monday, April 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Hamilton Insurance Group has an average rating of “Buy” and a consensus price target of $19.00.

Hamilton Insurance Group Stock Performance

The business has a 50 day moving average of $13.70. 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 issued its earnings results on Wednesday, March 6th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates 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. Analysts anticipate that Hamilton Insurance Group, Ltd. will post 3.08 earnings per share for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in HG. Newbridge Financial Services Group Inc. bought a new stake in Hamilton Insurance Group during the 4th quarter worth approximately $25,000. Fifth Lane Capital LP bought a new stake in Hamilton Insurance Group during the first quarter worth $151,000. Oxford Asset Management LLP purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at $199,000. Belfer Management LLC bought a new position in Hamilton Insurance Group during the 4th quarter valued at $352,000. Finally, Russell Investments Group Ltd. purchased a new position in Hamilton Insurance Group during the 4th quarter worth $477,000. Institutional investors and hedge funds 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.