Hamilton Insurance up after IPO research quiet period ends

Hamilton Insurance

05/12/2023 15:44

** Shares of Hamilton Insurance  HG.N  rise 1.8% to $15.58
after IPO research quiet period ends
    ** Citigroup initiates coverage with "buy" rating and $19 PT
    ** Brokerage BMO starts with "outperform" and $18 PT
    ** BMO and Citigroup were among the nine underwriters for
the IPO
    ** "Negative sentiment to dissipate as investors get to know
Hamilton" - BMO
    ** HG is overly discounted vs peers - Citigroup
    ** Up to last close, stock up 2% since debut on Nov. 10

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))