UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $758,000 Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 138.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,171 shares of the company’s stock after buying an additional 22,713 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hamilton Insurance Group were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Hamilton Insurance Group by 176.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after purchasing an additional 70,732 shares during the period. American Century Companies Inc. grew its position in Hamilton Insurance Group by 17.7% during the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after purchasing an additional 313,417 shares in the last quarter. Alpha DNA Investment Management LLC acquired a new position in Hamilton Insurance Group in the 2nd quarter valued at approximately $486,000. Allspring Global Investments Holdings LLC lifted its position in Hamilton Insurance Group by 527.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 80,375 shares of the company’s stock worth $1,554,000 after buying an additional 67,560 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Hamilton Insurance Group by 318.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 369,963 shares of the company’s stock valued at $7,155,000 after buying an additional 281,549 shares during the period. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Stock Up 3.2 %

HG stock opened at $18.96 on Friday. The firm has a market cap of $1.92 billion and a PE ratio of 4.24. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $20.71. The company has a fifty day simple moving average of $18.46 and a 200 day simple moving average of $17.91. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $512.84 million during the quarter, compared to analysts’ expectations of $515.96 million. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HG. Barclays initiated coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target on the stock. Wells Fargo & Company upped their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.60.

Insider Buying and Selling

In related news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares in the company, valued at $399,404.32. This trade represents a 45.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

Hamilton Insurance Group Company Profile

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.