Northern Trust Corp Purchases 11,701 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Northern Trust Corp grew its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,728 shares of the company’s stock after purchasing an additional 11,701 shares during the quarter. Northern Trust Corp owned approximately 0.25% of Hamilton Insurance Group worth $4,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Private Management Group Inc. purchased a new stake in shares of Hamilton Insurance Group during the fourth quarter worth about $10,511,000. Kennedy Capital Management LLC boosted its stake in Hamilton Insurance Group by 179.6% in the 4th quarter. Kennedy Capital Management LLC now owns 403,129 shares of the company’s stock worth $7,672,000 after purchasing an additional 258,958 shares during the period. FIL Ltd grew its holdings in Hamilton Insurance Group by 99.6% during the 4th quarter. FIL Ltd now owns 400,881 shares of the company’s stock valued at $7,629,000 after buying an additional 200,000 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Hamilton Insurance Group during the fourth quarter valued at approximately $2,362,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Hamilton Insurance Group by 120.1% in the fourth quarter. Bank of New York Mellon Corp now owns 183,584 shares of the company’s stock worth $3,494,000 after buying an additional 100,169 shares in the last quarter. 29.17% of the stock is currently owned by institutional investors.

Insider Transactions at Hamilton Insurance Group

In other news, Director Therese M. Vaughan purchased 4,750 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average cost of $21.05 per share, for a total transaction of $99,987.50. Following the acquisition, the director now owns 20,892 shares of the company’s stock, valued at approximately $439,776.60. This trade represents a 29.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adrian Joseph Daws sold 11,076 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $20.69, for a total transaction of $229,162.44. Following the completion of the sale, the chief executive officer now directly owns 203,847 shares in the company, valued at $4,217,594.43. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,000 shares of company stock worth $311,566. 17.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday. Barclays set a $25.00 price objective on Hamilton Insurance Group and gave the company an “overweight” rating in a research report on Thursday, February 27th. Wells Fargo & Company reduced their target price on Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods raised their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.80.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock opened at $21.16 on Thursday. The company’s 50-day moving average price is $19.64 and its 200-day moving average price is $19.20. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.15 billion, a PE ratio of 4.73 and a beta of 0.61. Hamilton Insurance Group, Ltd. has a twelve month low of $15.19 and a twelve month high of $21.68.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The company had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. On average, equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current fiscal year.

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.