Swiss National Bank Increases Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Swiss National Bank boosted its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 8.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 54,300 shares of the company’s stock after acquiring an additional 4,300 shares during the period. Swiss National Bank owned about 0.05% of Hamilton Insurance Group worth $1,033,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HG. Charles Schwab Investment Management Inc. grew its position in shares of Hamilton Insurance Group by 176.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock valued at $2,143,000 after purchasing an additional 70,732 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Hamilton Insurance Group in the 3rd quarter worth about $270,000. BNP Paribas Financial Markets grew its holdings in Hamilton Insurance Group by 318.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 369,963 shares of the company’s stock valued at $7,155,000 after buying an additional 281,549 shares during the period. MetLife Investment Management LLC increased its stake in shares of Hamilton Insurance Group by 126.2% during the 3rd quarter. MetLife Investment Management LLC now owns 22,939 shares of the company’s stock valued at $444,000 after acquiring an additional 12,797 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $758,000 after acquiring an additional 22,713 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $21.00, for a total value of $79,485.00. Following the completion of the transaction, the chief executive officer now directly owns 199,923 shares in the company, valued at approximately $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 15,000 shares of company stock worth $311,566. 2.70% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $21.32 on Friday. The firm has a fifty day moving average of $19.64 and a 200-day moving average of $18.96. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $21.68. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.16 billion, a P/E ratio of 4.77 and a beta of 0.92.

Hamilton Insurance Group (NYSE:HG) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.44). The company had revenue of $543.94 million during 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%. As a group, analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Barclays set a $25.00 price objective on shares of Hamilton Insurance Group and gave the company an “overweight” rating in a research note on Thursday, February 27th. Keefe, Bruyette & Woods increased their target price on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Finally, JMP Securities set a $27.00 price target on Hamilton Insurance Group in a research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.80.

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.