Hamilton Insurance price target raised to $23 from $21 at Wells Fargo

Wells Fargo raised the firm’s price target on Hamilton Insurance (HG) to $23 from $21 and keeps an Overweight rating on the shares. The firm notes Hamilton Insurance traded up on strong operating earnings beat even though headline number missed on unrealized losses in its fixed income portfolio. Wells sees an attractive set-up for Hamilton in 2025 as it should continue to see strong top-line growth and stable margins.