Hamilton Insurance Group, Ltd.’s (NYSE:HG) Lock-Up Period Will End on May 8th

Hamilton Insurance Group’s (NYSE:HG) lock-up period will end on Wednesday, May 8th. Hamilton Insurance Group had issued 15,000,000 shares in its IPO on November 10th. The total size of the offering was $225,000,000 based on an initial share price of $15.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HG shares. JMP Securities restated a “market outperform” rating and issued a $22.00 target price on shares of Hamilton Insurance Group in a research note on Monday, April 15th. 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. Finally, Wells Fargo & Company upgraded Hamilton Insurance Group from an “equal weight” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Thursday, April 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $19.00.

Hamilton Insurance Group Trading Up 0.7 %

Shares of Hamilton Insurance Group stock opened at $13.60 on Wednesday. Hamilton Insurance Group has a 12-month low of $12.44 and a 12-month high of $16.35. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $13.69.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.58. The company had revenue of $495.16 million for the quarter, compared to the consensus estimate of $412.55 million. On average, equities research analysts expect that Hamilton Insurance Group will post 3.08 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth approximately $25,000. Oxford Asset Management LLP acquired a new position in Hamilton Insurance Group in the 4th quarter valued at $199,000. Belfer Management LLC acquired a new position in Hamilton Insurance Group in the 4th quarter valued at $352,000. Russell Investments Group Ltd. acquired a new position in Hamilton Insurance Group in the 4th quarter valued at $477,000. Finally, Weiss Asset Management LP acquired a new position in Hamilton Insurance Group in the 4th quarter valued at $748,000. 29.17% of the stock is owned by institutional investors and hedge funds.

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.