Geode Capital Management LLC Has $9.20 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Geode Capital Management LLC raised its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 136.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475,553 shares of the company’s stock after acquiring an additional 274,483 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Hamilton Insurance Group worth $9,197,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HG. Wellington Management Group LLP grew its holdings in Hamilton Insurance Group by 198.2% during the third quarter. Wellington Management Group LLP now owns 3,715,579 shares of the company’s stock valued at $71,859,000 after purchasing an additional 2,469,422 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Hamilton Insurance Group by 17.7% during the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock worth $34,704,000 after buying an additional 313,417 shares during the period. State Street Corp grew its stake in Hamilton Insurance Group by 133.3% in the 3rd quarter. State Street Corp now owns 532,632 shares of the company’s stock valued at $10,301,000 after buying an additional 304,371 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Hamilton Insurance Group by 80.3% in the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock worth $8,265,000 after acquiring an additional 221,372 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Hamilton Insurance Group during the 3rd quarter worth $9,419,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

HG has been the topic of several research reports. 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 increased their price objective 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.60.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $19.03 on Thursday. The stock has a market capitalization of $1.93 billion and a P/E ratio of 4.26. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $20.71. The firm has a 50 day moving average of $18.55 and a 200-day moving average of $18.04. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 20,824 shares of the company’s stock, valued at approximately $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by corporate insiders.

About Hamilton Insurance Group

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.