Rhumbline Advisers lifted its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG – Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,764 shares of the company’s stock after acquiring an additional 557 shares during the quarter. Rhumbline Advisers’ holdings in Hamilton Insurance Group were worth $1,197,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Hamilton Insurance Group by 26.1% during the first quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company’s stock worth $96,570,000 after purchasing an additional 963,021 shares in the last quarter. Nuveen LLC acquired a new position in shares of Hamilton Insurance Group during the 1st quarter worth $50,838,000. Private Management Group Inc. boosted its position in shares of Hamilton Insurance Group by 60.4% in the 1st quarter. Private Management Group Inc. now owns 885,996 shares of the company’s stock worth $18,367,000 after buying an additional 333,671 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Hamilton Insurance Group by 398.9% in the 1st quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company’s stock worth $12,060,000 after buying an additional 465,152 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Hamilton Insurance Group by 279.5% in the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock valued at $9,766,000 after acquiring an additional 346,998 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.
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Insider Activity
In related news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $24.00, for a total transaction of $455,712.00. Following the sale, the insider directly owned 64,512 shares in the company, valued at approximately $1,548,288. This trade represents a 22.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Keith Donald Bernhard sold 47,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $24.37, for a total value of $1,145,390.00. Following the completion of the transaction, the insider owned 53,893 shares of the company’s stock, valued at approximately $1,313,372.41. This represents a 46.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,988 shares of company stock worth $1,743,842. 17.46% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of Hamilton Insurance Group to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen downgraded Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Barclays upped their target price on Hamilton Insurance Group from $21.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. JMP Securities raised their price target on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $23.00 price objective on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.43.
Check Out Our Latest Research Report on HG
Hamilton Insurance Group Stock Performance
NYSE:HG opened at $24.39 on Friday. The firm’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $21.21. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a twelve month low of $16.80 and a twelve month high of $24.99. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 6.74 and a beta of 0.82.
Hamilton Insurance Group (NYSE:HG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a return on equity of 13.27% and a net margin of 14.67%.The firm had revenue of $712.03 million during the quarter, compared to the consensus estimate of $519.50 million. As a group, equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.
Hamilton Insurance Group Profile
(Free Report)
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.
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Hamilton Insurance Group, Ltd. $HG Shares Bought by Rhumbline Advisers
