Hamilton Insurance Group (NYSE:HG) PT Lowered to $20.00 at Morgan Stanley

Hamilton Insurance Group (NYSE:HG) had its price objective decreased by Morgan Stanley from $21.00 to $20.00 in a research note issued to investors on Monday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other research firms have also commented on HG. Wells Fargo & Company raised Hamilton Insurance Group from an equal weight rating to an overweight rating and set a $16.00 price target for the company in a report on Thursday, April 11th. JMP Securities reaffirmed a market outperform rating and issued a $22.00 price target on shares of Hamilton Insurance Group in a report on Monday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $19.00.

Hamilton Insurance Group Price Performance

NYSE:HG opened at $13.36 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a fifty day moving average price of $13.82. Hamilton Insurance Group has a 1 year low of $12.44 and a 1 year high of $16.35.

Hamilton Insurance Group (NYSE:HG) last released its earnings results 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 firm had revenue of $495.16 million during the quarter, compared to analysts’ expectations of $412.55 million. On average, equities analysts predict that Hamilton Insurance Group will post 2.65 EPS for the current year.

Institutional Investors Weigh In On Hamilton Insurance Group

Several large investors have recently added to or reduced their stakes in HG. Russell Investments Group Ltd. bought a new stake in Hamilton Insurance Group during the fourth quarter valued at $477,000. Teacher Retirement System of Texas bought a new stake in Hamilton Insurance Group during the fourth quarter valued at $1,495,000. Seven Grand Managers LLC bought a new stake in Hamilton Insurance Group during the fourth quarter valued at $1,121,000. Norges Bank bought a new stake in Hamilton Insurance Group during the fourth quarter valued at $502,000. Finally, Oxford Asset Management LLP bought a new stake in Hamilton Insurance Group during the fourth quarter valued at $199,000. 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.