Hamilton Insurance Group, Ltd. (NYSE:HG) Receives $29.88 Consensus Target Price from Analysts

Shares of Hamilton Insurance Group, Ltd. (NYSE:HG) have been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.8750.

HG has been the topic of several research reports. BMO Capital Markets restated a “market perform” rating and issued a $26.00 target price on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. JMP Securities set a $32.00 price objective on Hamilton Insurance Group in a report on Wednesday, November 5th. Wall Street Zen raised shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Citizens Jmp raised their price target on shares of Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th.

Hamilton Insurance Group Stock Up 2.4%

HG opened at $31.02 on Tuesday. The company has a market cap of $3.05 billion, a PE ratio of 7.39 and a beta of 0.70. Hamilton Insurance Group has a twelve month low of $16.80 and a twelve month high of $31.60. The company has a 50-day moving average price of $27.72 and a 200 day moving average price of $25.54. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System increased its holdings in shares of Hamilton Insurance Group by 3.4% in the third quarter. Arizona State Retirement System now owns 13,881 shares of the company’s stock valued at $344,000 after purchasing an additional 458 shares during the last quarter. Alps Advisors Inc. grew its holdings in Hamilton Insurance Group by 2.6% in the 3rd quarter. Alps Advisors Inc. now owns 18,774 shares of the company’s stock valued at $466,000 after buying an additional 469 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in Hamilton Insurance Group by 14.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after buying an additional 585 shares in the last quarter. CWM LLC increased its stake in shares of Hamilton Insurance Group by 4.2% in the 4th quarter. CWM LLC now owns 22,594 shares of the company’s stock worth $630,000 after acquiring an additional 919 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Hamilton Insurance Group by 112.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock worth $49,000 after acquiring an additional 937 shares during the last quarter. 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.