Hamilton Insurance Group (NYSE:HG) Given New $37.00 Price Target at Barclays

Hamilton Insurance Group (NYSE:HG) had its price objective boosted by equities research analysts at Barclays from $35.00 to $37.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 19.95% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Keefe, Bruyette & Woods upped their price objective on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Citigroup upped their target price on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Finally, Citizens Jmp upped their target price on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, February 20th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and a consensus target price of $32.57.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock traded up $0.29 on Wednesday, hitting $30.85. The company’s stock had a trading volume of 75,676 shares, compared to its average volume of 553,392. The firm has a market cap of $3.05 billion, a P/E ratio of 5.54 and a beta of 0.53. 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 company has a fifty day moving average price of $29.67 and a 200-day moving average price of $27.34. Hamilton Insurance Group has a one year low of $16.80 and a one year high of $32.21.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Saturday, February 14th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%.The company had revenue of $728.33 million for the quarter, compared to analyst estimates of $621.00 million. On average, equities analysts anticipate that Hamilton Insurance Group will post 4.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position 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 valued at $131,378,000 after buying an additional 737,084 shares during the last quarter. Nuveen LLC boosted its stake in shares of Hamilton Insurance Group by 3.5% in the 4th 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 last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Hamilton Insurance Group by 71.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,552,870 shares of the company’s stock valued at $43,325,000 after purchasing an additional 646,106 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hamilton Insurance Group by 1.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,373,491 shares of the company’s stock valued at $34,063,000 after purchasing an additional 15,615 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Hamilton Insurance Group by 44.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,019,106 shares of the company’s stock valued at $28,433,000 after purchasing an additional 313,829 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors.

Hamilton Insurance Group Company Profile

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.