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

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

Several other research analysts have also issued reports on HG. Wall Street Zen upgraded Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Zacks Research lowered Hamilton Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Citigroup lifted their price objective on shares of Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, Citizens Jmp lifted their price objective on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, February 20th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.57.

Hamilton Insurance Group Trading Up 0.9%

Shares of NYSE:HG traded up $0.29 during midday trading on Wednesday, hitting $30.85. The company had a trading volume of 75,676 shares, compared to its average volume of 553,392. Hamilton Insurance Group has a 12 month low of $16.80 and a 12 month high of $32.21. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 5.54 and a beta of 0.53. The firm has a fifty day simple moving average of $29.67 and a 200 day simple moving average of $27.34.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Saturday, February 14th. The company reported $1.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $728.33 million for the quarter, compared to analyst estimates of $621.00 million. On average, analysts predict that Hamilton Insurance Group will post 4.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HG. AQR Capital Management LLC lifted its stake in Hamilton Insurance Group by 186.0% in the first quarter. AQR Capital Management LLC now owns 57,399 shares of the company’s stock valued at $1,190,000 after buying an additional 37,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hamilton Insurance Group by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,596 shares of the company’s stock valued at $510,000 after buying an additional 2,071 shares in the last quarter. Millennium Management LLC lifted its stake in Hamilton Insurance Group by 9.7% in the first quarter. Millennium Management LLC now owns 442,820 shares of the company’s stock valued at $9,180,000 after buying an additional 39,020 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Hamilton Insurance Group by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 279,653 shares of the company’s stock valued at $5,797,000 after buying an additional 20,926 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hamilton Insurance Group by 87.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,739 shares of the company’s stock valued at $1,777,000 after buying an additional 39,927 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

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.