US Bancorp DE Makes New $107,000 Investment in Hamilton Insurance Group, Ltd. (NYSE:HG)

US Bancorp DE acquired a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,513 shares of the company’s stock, valued at approximately $107,000.

A number of other institutional investors also recently bought and sold shares of HG. Financial Management Professionals Inc. purchased a new position in Hamilton Insurance Group during the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Hamilton Insurance Group in the 2nd quarter worth $34,000. American International Group Inc. purchased a new position in shares of Hamilton Insurance Group in the first quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hamilton Insurance Group in the second quarter worth about $156,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Hamilton Insurance Group during the second quarter worth about $213,000. 29.17% of the stock is owned by institutional investors.

Hamilton Insurance Group Stock Performance

Hamilton Insurance Group stock opened at $18.15 on Friday. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $20.71. The company has a market capitalization of $1.85 billion and a PE ratio of 4.06. The company has a 50 day moving average price of $18.33 and a 200-day moving average price of $17.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.77.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. During the same period in the previous year, the company posted $0.41 earnings per share. As a group, equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JMP Securities boosted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 8th. Morgan Stanley downgraded Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock. in a research note on Monday, August 19th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Barclays initiated coverage on shares of Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.43.

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.