SG Americas Securities LLC Raises Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

SG Americas Securities LLC raised its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 126.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,025 shares of the company’s stock after acquiring an additional 21,766 shares during the period. SG Americas Securities LLC’s holdings in Hamilton Insurance Group were worth $809,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Rhumbline Advisers increased its stake in Hamilton Insurance Group by 6.9% in the 4th quarter. Rhumbline Advisers now owns 57,207 shares of the company’s stock worth $1,089,000 after purchasing an additional 3,699 shares during the period. Bfsg LLC bought a new position in shares of Hamilton Insurance Group in the fourth quarter worth approximately $77,000. New York State Common Retirement Fund increased its stake in shares of Hamilton Insurance Group by 58.2% in the fourth quarter. New York State Common Retirement Fund now owns 14,141 shares of the company’s stock worth $269,000 after buying an additional 5,200 shares during the period. Bank of New York Mellon Corp raised its holdings in Hamilton Insurance Group by 120.1% during the 4th quarter. Bank of New York Mellon Corp now owns 183,584 shares of the company’s stock valued at $3,494,000 after buying an additional 100,169 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Hamilton Insurance Group by 86.2% during the 4th quarter. US Bancorp DE now owns 10,263 shares of the company’s stock valued at $195,000 after buying an additional 4,750 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HG has been the subject of a number of recent analyst reports. JMP Securities set a $27.00 target price on Hamilton Insurance Group in a report on Friday, February 28th. BMO Capital Markets reissued a “market perform” rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research report on Thursday, June 5th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Wells Fargo & Company cut their target price on shares of Hamilton Insurance Group from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley boosted their price target on shares of Hamilton Insurance Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.67.

Insider Buying and Selling

In other Hamilton Insurance Group news, Director Therese M. Vaughan purchased 4,750 shares of Hamilton Insurance Group stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $21.05 per share, with a total value of $99,987.50. Following the completion of the transaction, the director now owns 20,892 shares in the company, valued at approximately $439,776.60. This trade represents a 29.43% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the sale, the chief executive officer now owns 190,440 shares of the company’s stock, valued at approximately $4,189,680. This trade represents a 3.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.46% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Stock Down 0.2%

Shares of HG opened at $20.81 on Friday. The business’s 50 day moving average is $20.08 and its 200 day moving average is $19.59. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a 12-month low of $15.19 and a 12-month high of $22.33. The company has a market capitalization of $2.11 billion, a PE ratio of 6.87 and a beta of 0.91.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.43. Hamilton Insurance Group had a return on equity of 12.41% and a net margin of 13.28%. The company had revenue of $843.31 million during the quarter, compared to analyst estimates of $498.00 million. Research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

About Hamilton Insurance Group

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.