HighTower Advisors LLC Buys Shares of 19,700 Hamilton Insurance Group, Ltd. (NYSE:HG)

HighTower Advisors LLC purchased a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,700 shares of the company’s stock, valued at approximately $380,000.

Other institutional investors and hedge funds have also modified their holdings of the company. PDT Partners LLC lifted its stake in Hamilton Insurance Group by 55.5% in the 3rd quarter. PDT Partners LLC now owns 37,449 shares of the company’s stock valued at $724,000 after purchasing an additional 13,363 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at $270,000. Martingale Asset Management L P boosted its holdings in shares of Hamilton Insurance Group by 8.9% during the 3rd quarter. Martingale Asset Management L P now owns 78,675 shares of the company’s stock valued at $1,522,000 after acquiring an additional 6,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hamilton Insurance Group by 138.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,171 shares of the company’s stock valued at $758,000 after acquiring an additional 22,713 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Hamilton Insurance Group by 126.2% during the 3rd quarter. MetLife Investment Management LLC now owns 22,939 shares of the company’s stock worth $444,000 after acquiring an additional 12,797 shares during the last quarter. 29.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HG shares. Barclays started coverage on Hamilton Insurance Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.60.

Hamilton Insurance Group Stock Performance

Shares of HG stock opened at $19.17 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $20.71. The business’s 50 day simple moving average is $18.48 and its 200 day simple moving average is $17.93. The stock has a market capitalization of $1.94 billion and a PE ratio of 4.29.

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

Insiders Place Their Bets

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% 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.