Morgan Stanley Lowers Hamilton Insurance Group (NYSE:HG) to Equal Weight

Morgan Stanley cut shares of Hamilton Insurance Group (NYSE:HG) from an overweight rating to an equal weight rating in a research note released on Monday, Marketbeat Ratings reports. They currently have $19.00 price target on the stock.

A number of other brokerages have also recently commented on HG. JMP Securities upped their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company a market outperform rating in a research note on Thursday, August 8th. Keefe, Bruyette & Woods boosted their price objective on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an outperform rating in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $18.00 to $20.00 and gave the stock an overweight rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $20.50.

Hamilton Insurance Group Trading Up 0.6 %

NYSE:HG opened at $19.19 on Monday. Hamilton Insurance Group has a 12 month low of $12.44 and a 12 month high of $20.01. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $16.81 and its 200 day moving average is $15.44. The stock has a market capitalization of $2.13 billion and a PE ratio of 5.83.

Hamilton Insurance Group (NYSE:HG) last issued its earnings results on Wednesday, August 7th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.29. The firm had revenue of $587.94 million for the quarter, compared to analyst estimates of $502.37 million. Hamilton Insurance Group had a return on equity of 18.53% and a net margin of 19.11%. Sell-side analysts expect that Hamilton Insurance Group will post 3.92 earnings per share for the current year.

Hedge Funds Weigh In On Hamilton Insurance Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth $19,249,000. Federated Hermes Inc. bought a new position in Hamilton Insurance Group during the second quarter valued at approximately $6,454,000. American Century Companies Inc. raised its stake in shares of Hamilton Insurance Group by 17.7% during the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after acquiring an additional 313,417 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Hamilton Insurance Group in the 1st quarter worth approximately $3,831,000. Finally, Ghisallo Capital Management LLC bought a new stake in Hamilton Insurance Group in the fourth quarter worth $3,738,000. 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.