Rhumbline Advisers Grows Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Rhumbline Advisers grew its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,207 shares of the company’s stock after purchasing an additional 3,699 shares during the quarter. Rhumbline Advisers owned about 0.06% of Hamilton Insurance Group worth $1,089,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Hamilton Insurance Group by 176.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock worth $2,143,000 after purchasing an additional 70,732 shares in the last quarter. Barclays PLC lifted its stake in Hamilton Insurance Group by 845.0% in the 3rd quarter. Barclays PLC now owns 57,663 shares of the company’s stock worth $1,114,000 after purchasing an additional 51,561 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Hamilton Insurance Group during the 3rd quarter worth approximately $525,000. Geode Capital Management LLC increased its holdings in shares of Hamilton Insurance Group by 136.5% during the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock worth $9,197,000 after buying an additional 274,483 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Hamilton Insurance Group by 90.0% during the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock worth $1,845,000 after buying an additional 46,978 shares during the last quarter. 29.17% of the stock is owned by hedge funds and other institutional investors.

Hamilton Insurance Group Stock Up 5.2 %

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

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HG shares. 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 raised their price target on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.80.

Hamilton Insurance Group 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.