Rhumbline Advisers Grows Stock Holdings in Hamilton Insurance Group, Ltd. $HG

Rhumbline Advisers grew its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,764 shares of the company’s stock after buying an additional 557 shares during the quarter. Rhumbline Advisers owned 0.06% of Hamilton Insurance Group worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in 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 acquiring an additional 33,613 shares during the period. Deutsche Bank AG lifted its position in shares of Hamilton Insurance Group by 495.1% during the fourth quarter. Deutsche Bank AG now owns 99,651 shares of the company’s stock worth $1,896,000 after purchasing an additional 82,906 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hamilton Insurance Group by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,525 shares of the company’s stock valued at $429,000 after purchasing an additional 886 shares during the period. Millennium Management LLC grew its holdings in shares of Hamilton Insurance Group by 0.9% in the fourth quarter. Millennium Management LLC now owns 403,800 shares of the company’s stock valued at $7,684,000 after purchasing an additional 3,722 shares in the last quarter. Finally, Man Group plc lifted its holdings in Hamilton Insurance Group by 5.3% during the 4th quarter. Man Group plc now owns 100,273 shares of the company’s stock worth $1,908,000 after buying an additional 5,017 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Down 0.2%

Shares of NYSE:HG opened at $24.39 on Friday. Hamilton Insurance Group, Ltd. has a fifty-two week low of $16.80 and a fifty-two week high of $24.99. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $22.88 and its 200-day simple moving average is $21.21. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 6.74 and a beta of 0.82.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $519.50 million. As a group, equities research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. 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 target for the company. JMP Securities boosted their target price on Hamilton Insurance Group from $27.00 to $29.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. Wells Fargo & Company upped their price target on Hamilton Insurance Group from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Wall Street Zen cut Hamilton Insurance Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Morgan Stanley reissued a “cautious” rating and set a $23.00 price objective on shares of Hamilton Insurance Group in a research report on Monday, August 18th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.43.

Insider Activity

In other Hamilton Insurance Group news, insider Alexander James Baker sold 6,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $23.79, for a total value of $142,740.00. Following the completion of the transaction, the insider owned 116,338 shares in the company, valued at approximately $2,767,681.02. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Venkatanarayana Krishnamoorthy sold 18,988 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.00, for a total value of $455,712.00. Following the completion of the sale, the insider directly owned 64,512 shares of the company’s stock, valued at approximately $1,548,288. This trade represents a 22.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,988 shares of company stock valued at $1,743,842 in the last three months. 17.46% of the stock is currently owned by company insiders.

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.