Algert Global LLC Has $6.80 Million Holdings in Hamilton Insurance Group, Ltd. $HG

Algert Global LLC grew its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 36.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 274,286 shares of the company’s stock after acquiring an additional 73,610 shares during the period. Algert Global LLC owned 0.28% of Hamilton Insurance Group worth $6,802,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HG. Federated Hermes Inc. increased its stake in shares of Hamilton Insurance Group by 30.5% in the third quarter. Federated Hermes Inc. now owns 587,951 shares of the company’s stock valued at $14,581,000 after buying an additional 137,501 shares during the period. Inspire Investing LLC bought a new position in Hamilton Insurance Group in the 3rd quarter valued at approximately $1,082,000. Great Lakes Advisors LLC acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth approximately $2,222,000. Seizert Capital Partners LLC bought a new stake in Hamilton Insurance Group during the 3rd quarter worth approximately $2,106,000. Finally, American Century Companies Inc. grew its holdings in Hamilton Insurance Group by 15.7% during the 2nd quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock worth $47,879,000 after acquiring an additional 301,334 shares during the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HG. Wells Fargo & Company lifted their price target on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods increased their price objective on Hamilton Insurance Group from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Morgan Stanley set a $28.00 target price on Hamilton Insurance Group in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hamilton Insurance Group in a report on Thursday, January 22nd. Finally, Citigroup upped their price target on Hamilton Insurance Group from $28.50 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.29.

Hamilton Insurance Group Trading Up 0.9%

NYSE:HG opened at $29.34 on Tuesday. Hamilton Insurance Group, Ltd. has a 52 week low of $16.80 and a 52 week high of $32.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The firm’s fifty day moving average is $28.81 and its 200-day moving average is $26.73. The firm has a market cap of $2.91 billion, a P/E ratio of 5.27 and a beta of 0.56.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Thursday, February 19th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a net margin of 19.85% and a return on equity of 19.43%. Equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 6th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Friday, March 6th.

Hamilton Insurance Group Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.