FMP

FMP

Hamilton Insurance Group, Ltd. (NYSE: HG) Analysis

  • BMO Capital maintains a "Market Perform" rating for NYSE:HG, with a current stock price of $28.45.
  • The average one-year price target among analysts is $28.75, indicating a slight potential upside.
  • Recent leadership changes and positive earnings estimate revisions could positively impact HG's stock performance.

Hamilton Insurance Group, Ltd. (NYSE:HG) is a prominent player in the insurance and reinsurance industry. The company operates through its Bermuda-based platform, Hamilton Re, providing a range of insurance services. Recently, BMO Capital maintained its "Market Perform" rating for HG, recommending investors to hold the stock, which is currently priced at $28.45.

Despite BMO Capital's hold recommendation, Hamilton Insurance Group has received a "Moderate Buy" rating from ten brokerage firms. Among these, seven analysts suggest buying the stock, while two recommend holding, and one gives a strong buy. The average one-year price target is $28.75, indicating a slight potential upside from the current price.

Wall Street Zen recently downgraded HG from a "buy" to a "hold," while Morgan Stanley set a target price of $28.00. In contrast, Barclays increased their price target from $25.00 to $29.00, assigning an "overweight" rating. This mixed sentiment reflects varying analyst perspectives on HG's future performance.

Hamilton Insurance Group's stock has shown a slight increase, trading between $28.05 and $28.52 today. Over the past year, the stock has fluctuated between a low of $16.80 and a high of $28.70. The company's market capitalization stands at approximately $2.88 billion, with a trading volume of 12,457 shares today.

The appointment of Dwayne Hunt as Senior Vice President, Head of Property Insurance at Hamilton Re, marks a significant leadership change. Hunt's 30 years of industry experience is expected to drive growth in the property insurance segment. This strategic move, coupled with positive earnings estimate revisions, may further influence HG's stock performance positively.