Charles Schwab Investment Management Inc. Has $2.44 Million Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

Charles Schwab Investment Management Inc. increased its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,136 shares of the company’s stock after purchasing an additional 17,342 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.13% of Hamilton Insurance Group worth $2,438,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HG. Bellecapital International Ltd. purchased a new position in shares of Hamilton Insurance Group in the fourth quarter valued at $193,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of Hamilton Insurance Group in the 4th quarter worth about $147,000. US Bancorp DE boosted its position in shares of Hamilton Insurance Group by 86.2% during the fourth quarter. US Bancorp DE now owns 10,263 shares of the company’s stock valued at $195,000 after buying an additional 4,750 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Hamilton Insurance Group by 120.1% during the 4th quarter. Bank of New York Mellon Corp now owns 183,584 shares of the company’s stock valued at $3,494,000 after purchasing an additional 100,169 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Hamilton Insurance Group by 58.2% in the 4th quarter. New York State Common Retirement Fund now owns 14,141 shares of the company’s stock worth $269,000 after acquiring an additional 5,200 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on HG shares. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. JMP Securities set a $27.00 price objective on Hamilton Insurance Group in a research report on Friday, February 28th. Barclays set a $25.00 target price on Hamilton Insurance Group and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.80.

Hamilton Insurance Group Trading Down 1.2 %

HG opened at $21.32 on Friday. 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 12 month low of $12.44 and a 12 month high of $21.68. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 4.77 and a beta of 0.92. The business has a fifty day moving average price of $19.64 and a 200 day moving average price of $18.96.

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

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CEO Adrian Joseph Daws sold 3,785 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the transaction, the chief executive officer now owns 199,923 shares of the company’s stock, valued at $4,198,383. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 15,000 shares of company stock worth $311,566 over the last 90 days. Company insiders own 2.70% of the company’s stock.

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.