Hamilton Insurance Group (NYSE:HG) Downgraded to Equal Weight at Morgan Stanley

Morgan Stanley downgraded shares of Hamilton Insurance Group (NYSE:HG) from an overweight rating to an equal weight rating in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage currently has $19.00 target price on the stock.

HG has been the topic of a number of other research reports. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an outperform rating in a research note on Wednesday, August 14th. Wells Fargo & Company increased their price target on Hamilton Insurance Group from $18.00 to $20.00 and gave the stock an overweight rating in a research note on Friday, August 9th. Finally, JMP Securities increased their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a market outperform rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $20.50.

Hamilton Insurance Group Price Performance

HG stock opened at $19.03 on Monday. Hamilton Insurance Group has a 1 year low of $12.44 and a 1 year high of $20.01. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50 day moving average price is $16.66 and its 200 day moving average price is $15.36. The firm has a market cap of $2.11 billion and a P/E ratio of 5.78.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.29. Hamilton Insurance Group had a return on equity of 18.53% and a net margin of 19.11%. The company had revenue of $587.94 million for the quarter, compared to analyst estimates of $502.37 million. On average, sell-side analysts expect that Hamilton Insurance Group will post 3.92 earnings per share for the current fiscal year.

Institutional Trading of Hamilton Insurance Group

A number of institutional investors and hedge funds have recently made changes to their positions in HG. Russell Investments Group Ltd. acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter worth $477,000. Teacher Retirement System of Texas acquired a new stake in Hamilton Insurance Group in the 4th quarter valued at $1,495,000. Seven Grand Managers LLC purchased a new position in Hamilton Insurance Group in the fourth quarter valued at about $1,121,000. Oxford Asset Management LLP purchased a new position in Hamilton Insurance Group in the fourth quarter valued at about $199,000. Finally, Weiss Asset Management LP purchased a new position in Hamilton Insurance Group in the fourth quarter valued at about $748,000. 29.17% of the stock is currently 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.