Swiss National Bank Has $1.81 Million Position in Hamilton Insurance Group, Ltd. $HG

Swiss National Bank raised its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 60.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,100 shares of the company’s stock after buying an additional 32,800 shares during the period. Swiss National Bank owned about 0.09% of Hamilton Insurance Group worth $1,806,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank boosted its stake in shares of Hamilton Insurance Group by 92.2% during the 1st quarter. Amalgamated Bank now owns 1,428 shares of the company’s stock valued at $30,000 after buying an additional 685 shares during the period. Arizona State Retirement System acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at $267,000. Victory Capital Management Inc. boosted its stake in shares of Hamilton Insurance Group by 279.5% during the 1st quarter. Victory Capital Management Inc. now owns 471,128 shares of the company’s stock valued at $9,766,000 after buying an additional 346,998 shares during the period. Bank of America Corp DE boosted its stake in shares of Hamilton Insurance Group by 18.8% during the 4th quarter. Bank of America Corp DE now owns 212,586 shares of the company’s stock valued at $4,046,000 after buying an additional 33,613 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Hamilton Insurance Group by 110.3% during the 1st quarter. New York State Common Retirement Fund now owns 29,741 shares of the company’s stock valued at $617,000 after buying an additional 15,600 shares during the period. Institutional investors and hedge funds own 29.17% of the company’s stock.

Insider Transactions at Hamilton Insurance Group

In other news, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $24.00, for a total transaction of $455,712.00. Following the transaction, the insider owned 64,512 shares in the company, valued at approximately $1,548,288. The trade was a 22.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Adrian Joseph Daws sold 6,000 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00. Following the transaction, the chief executive officer owned 190,440 shares in the company, valued at approximately $4,189,680. The trade was a 3.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,988 shares of company stock worth $730,452. 17.46% of the stock is currently owned by company insiders.

Hamilton Insurance Group Stock Performance

Shares of HG opened at $24.11 on Friday. The company has a market capitalization of $2.41 billion, a PE ratio of 6.66 and a beta of 0.81. Hamilton Insurance Group, Ltd. has a one year low of $16.80 and a one year high of $24.54. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.69 and a quick ratio of 0.69. The company’s fifty day moving average price is $21.74 and its 200 day moving average price is $20.50.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.01 by $0.54. Hamilton Insurance Group had a net margin of 14.67% and a return on equity of 13.27%. The firm had revenue of $712.03 million for the quarter, compared to the consensus estimate of $519.50 million. As a group, analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed a “cautious” rating and issued a $23.00 price objective on shares of Hamilton Insurance Group in a research note on Monday, August 18th. JMP Securities lifted their price objective on shares of Hamilton Insurance Group from $27.00 to $29.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. Zacks Research raised shares of Hamilton Insurance Group to a “hold” rating in a research note on Tuesday, August 12th. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Citigroup assumed coverage on shares of Hamilton Insurance Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $25.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.43.

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.