Morgan Stanley Raises Hamilton Insurance Group (HG) PT to $21 Amid Optimistic Outlook

Hamilton Insurance Group Ltd. (NYSE:HG) is one of the most profitable new stocks to buy now. On July 14, Morgan Stanley raised its price target for Hamilton Insurance from $20 to $21 per share, while maintaining an Equal Weight rating on the shares. This indicates a slightly more optimistic outlook for the company’s valuation.

Despite global catastrophe losses, the company reported a net income of $81 million in Q1 2025. Gross premiums written increased by 17% due to growth in both its Bermuda and International segments. The company also saw strong investment returns, which totaled $167 million and helped offset catastrophe losses.

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However, the company experienced a high catastrophe loss ratio of 30.2% primarily due to the California wildfires. The combined ratio increased to 111.6% from 91.5% in the previous year, mainly attributed to these catastrophe losses. The expense ratio also rose by 1.2 points to 32.4%, driven by higher acquisition costs and changes in business mix. The Bermuda segment specifically incurred an underwriting loss of $59 million, which resulted in a combined ratio of 122.8% due to catastrophe losses.

Hamilton Insurance Group Ltd. (NYSE:HG) is a specialty insurance and reinsurance company in Bermuda and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.