Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $907,000 Investment in Hamilton Insurance Group, Ltd. $HG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 32,521 shares of the company’s stock, valued at approximately $907,000.

Other hedge funds have also modified their holdings of the company. Chesapeake Asset Management LLC raised its position in Hamilton Insurance Group by 487.8% in the 4th quarter. Chesapeake Asset Management LLC now owns 1,205 shares of the company’s stock worth $34,000 after purchasing an additional 1,000 shares during the last quarter. Versant Capital Management Inc boosted its position in Hamilton Insurance Group by 1,404.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after buying an additional 1,587 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Hamilton Insurance Group in the 3rd quarter valued at $71,000. Strs Ohio acquired a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at $112,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Hamilton Insurance Group by 24.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,667 shares of the company’s stock valued at $123,000 after buying an additional 1,101 shares during the period. 29.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley set a $28.00 price target on Hamilton Insurance Group in a research note on Tuesday, December 16th. BMO Capital Markets reiterated a “market perform” rating and issued a $26.00 price objective on shares of Hamilton Insurance Group in a research report on Tuesday, December 23rd. Citigroup boosted their price objective on Hamilton Insurance Group from $28.50 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Citizens Jmp upped their target price on shares of Hamilton Insurance Group from $32.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company raised their target price on shares of Hamilton Insurance Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.29.

Hamilton Insurance Group Stock Up 0.2%

NYSE:HG opened at $30.38 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.05. Hamilton Insurance Group, Ltd. has a 12-month low of $16.80 and a 12-month high of $32.21. The stock’s fifty day simple moving average is $29.54 and its 200-day simple moving average is $27.20. The firm has a market capitalization of $3.01 billion, a P/E ratio of 5.45 and a beta of 0.53.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Saturday, February 14th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.96. Hamilton Insurance Group had a return on equity of 19.43% and a net margin of 19.85%.The business had revenue of $728.33 million during the quarter, compared to the consensus estimate of $621.00 million. Equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current year.

Hamilton Insurance Group Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 6th were paid a $2.00 dividend. The ex-dividend date of this dividend was 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.