Arrowstreet Capital Limited Partnership Grows Position in Hamilton Insurance Group, Ltd. $HG

Arrowstreet Capital Limited Partnership grew its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 21.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,357,876 shares of the company’s stock after buying an additional 235,935 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.34% of Hamilton Insurance Group worth $29,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HG. Flaharty Asset Management LLC purchased a new stake in shares of Hamilton Insurance Group during the first quarter valued at approximately $62,000. CWM LLC increased its stake in Hamilton Insurance Group by 167.7% during the second quarter. CWM LLC now owns 4,545 shares of the company’s stock worth $98,000 after acquiring an additional 2,847 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Hamilton Insurance Group by 14.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after purchasing an additional 585 shares during the last quarter. Strs Ohio bought a new stake in Hamilton Insurance Group during the 1st quarter valued at about $112,000. Finally, Morgan Dempsey Capital Management LLC raised its holdings in shares of Hamilton Insurance Group by 41.8% in the second quarter. Morgan Dempsey Capital Management LLC now owns 7,729 shares of the company’s stock valued at $167,000 after acquiring an additional 2,277 shares in the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

HG has been the topic of a number of recent analyst reports. Citizens Jmp upped their price target on Hamilton Insurance Group from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 5th. Barclays upped their target price on Hamilton Insurance Group from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted 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. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. Finally, Morgan Stanley increased their price target on shares of Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $28.63.

Insider Activity

In related news, CEO Alexander James Baker sold 18,350 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $26.19, for a total transaction of $480,586.50. Following the transaction, the chief executive officer owned 84,136 shares of the company’s stock, valued at approximately $2,203,521.84. This represents a 17.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Stock Down 0.0%

Shares of NYSE:HG opened at $26.45 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.60 billion, a P/E ratio of 6.30 and a beta of 0.70. The business has a fifty day moving average of $25.29 and a two-hundred day moving average of $23.33. Hamilton Insurance Group, Ltd. has a 52-week low of $16.80 and a 52-week high of $27.88.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly 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 business 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%. On average, research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

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.