Hamilton Insurance Group, Ltd. $HG Stake Raised by Boston Partners

Boston Partners raised its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,745 shares of the company’s stock after acquiring an additional 15,182 shares during the quarter. Boston Partners owned 0.08% of Hamilton Insurance Group worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. CWM LLC raised its holdings in shares of Hamilton Insurance Group by 172.6% in the 1st quarter. CWM LLC now owns 1,698 shares of the company’s stock worth $35,000 after purchasing an additional 1,075 shares in the last quarter. Flaharty Asset Management LLC bought a new position in shares of Hamilton Insurance Group in the first quarter valued at $62,000. Ameritas Investment Partners Inc. increased its holdings in shares of Hamilton Insurance Group by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after buying an additional 585 shares in the last quarter. Strs Ohio acquired a new stake in shares of Hamilton Insurance Group during the 1st quarter valued at $112,000. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Hamilton Insurance Group by 41.8% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,729 shares of the company’s stock worth $167,000 after acquiring an additional 2,277 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

HG stock opened at $27.88 on Monday. The firm has a 50 day simple moving average of $25.07 and a 200 day simple moving average of $23.15. Hamilton Insurance Group, Ltd. has a 52 week low of $16.80 and a 52 week high of $27.88. The stock has a market cap of $2.74 billion, a P/E ratio of 6.64 and a beta of 0.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Tuesday, November 4th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.61. The company had revenue of $667.65 million during the quarter, compared to the consensus estimate of $537.70 million. Hamilton Insurance Group had a net margin of 15.95% and a return on equity of 15.07%. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HG has been the topic of a number of recent analyst reports. Wall Street Zen raised Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Citizens Jmp boosted their price objective on Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. Citigroup reaffirmed an “outperform” rating on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $28.63.

Insider Activity

In related news, insider Keith Donald Bernhard sold 47,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $24.37, for a total value of $1,145,390.00. Following the completion of the sale, the insider owned 53,893 shares of the company’s stock, valued at approximately $1,313,372.41. The trade was a 46.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alexander James Baker sold 18,350 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $26.19, for a total value of $480,586.50. Following the completion of the transaction, the chief executive officer owned 84,136 shares in the company, valued at $2,203,521.84. This represents a 17.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.46% of the company’s stock.

Hamilton Insurance Group 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.