Donald Smith & CO. Inc. Purchases New Shares in Hamilton Insurance Group, Ltd. $HG

Donald Smith & CO. Inc. purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 660,144 shares of the company’s stock, valued at approximately $14,272,000. Donald Smith & CO. Inc. owned 0.65% of Hamilton Insurance Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HG. Nuveen LLC purchased a new stake in shares of Hamilton Insurance Group in the 1st quarter worth about $50,838,000. Wellington Management Group LLP boosted its stake in Hamilton Insurance Group by 26.1% during the first quarter. Wellington Management Group LLP now owns 4,658,454 shares of the company’s stock worth $96,570,000 after acquiring an additional 963,021 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Hamilton Insurance Group by 398.9% in the first quarter. Bridgeway Capital Management LLC now owns 581,754 shares of the company’s stock worth $12,060,000 after purchasing an additional 465,152 shares during the period. American Century Companies Inc. increased its stake in shares of Hamilton Insurance Group by 15.7% during the second quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock valued at $47,879,000 after purchasing an additional 301,334 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Hamilton Insurance Group by 260.5% during the first quarter. Empowered Funds LLC now owns 330,254 shares of the company’s stock valued at $6,846,000 after purchasing an additional 238,652 shares during the last quarter. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Down 0.0%

HG stock opened at $26.45 on Friday. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 6.30 and a beta of 0.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66. The business’s 50-day moving average is $25.29 and its two-hundred day moving average is $23.33. Hamilton Insurance Group, Ltd. has a fifty-two week low of $16.80 and a fifty-two week high of $27.88.

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

Analyst Ratings Changes

Several research firms recently weighed in on HG. 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 note on Wednesday, November 5th. Barclays boosted their target price on Hamilton Insurance Group from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Morgan Stanley increased their target price on Hamilton Insurance Group from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Finally, Citigroup restated an “outperform” rating on shares of Hamilton Insurance Group in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.63.

Insider Buying and Selling

In other Hamilton Insurance Group news, CEO Alexander James Baker sold 18,350 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $26.19, for a total value of $480,586.50. Following the transaction, the chief executive officer directly owned 84,136 shares in the company, valued at approximately $2,203,521.84. This trade represents a 17.90% decrease in their ownership of the stock. 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 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.