Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 58.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,141 shares of the company’s stock after buying an additional 5,200 shares during the period. New York State Common Retirement Fund’s holdings in Hamilton Insurance Group were worth $269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HG. Quarry LP raised its position in Hamilton Insurance Group by 448.5% during the 3rd quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after buying an additional 1,341 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Hamilton Insurance Group during the 4th quarter valued at about $38,000. Rhumbline Advisers boosted its stake in shares of Hamilton Insurance Group by 6.9% in the fourth quarter. Rhumbline Advisers now owns 57,207 shares of the company’s stock worth $1,089,000 after buying an additional 3,699 shares during the last quarter. Bfsg LLC purchased a new position in Hamilton Insurance Group during the fourth quarter valued at approximately $77,000. Finally, Toronto Dominion Bank acquired a new position in Hamilton Insurance Group in the third quarter valued at approximately $97,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Up 5.2 %

HG opened at $20.91 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $20.96. The company has a market cap of $2.12 billion, a PE ratio of 4.68 and a beta of 1.02. The company has a 50-day moving average price of $18.94 and a 200 day moving average price of $18.77.

Hamilton Insurance Group (NYSE:HG) last announced its earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.44). The firm had revenue of $543.94 million for the quarter, compared to analyst estimates of $460.17 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. Sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $22.80.

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.