387,625 Shares in Hamilton Insurance Group, Ltd. (NYSE:HG) Purchased by Federated Hermes Inc.

Federated Hermes Inc. purchased a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 387,625 shares of the company’s stock, valued at approximately $6,454,000. Federated Hermes Inc. owned 0.35% of Hamilton Insurance Group at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HG. Newbridge Financial Services Group Inc. acquired a new position in Hamilton Insurance Group in the 4th quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Hamilton Insurance Group during the 2nd quarter worth approximately $34,000. American International Group Inc. purchased a new stake in Hamilton Insurance Group during the 1st quarter worth approximately $115,000. Fifth Lane Capital LP purchased a new stake in Hamilton Insurance Group during the 1st quarter worth approximately $151,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Hamilton Insurance Group during the 2nd quarter worth approximately $156,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Up 2.3 %

Shares of Hamilton Insurance Group stock opened at $18.21 on Wednesday. The firm has a market capitalization of $2.02 billion and a price-to-earnings ratio of 5.53. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $20.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average of $17.93 and a 200 day moving average of $16.03.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.29. The company had revenue of $587.94 million during the quarter, compared to analyst estimates of $502.37 million. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. As a group, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on HG. Barclays began coverage on Hamilton Insurance Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price objective for the company. JMP Securities boosted their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 8th. Wells Fargo & Company boosted their price objective on Hamilton Insurance Group from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a research report on Monday, August 19th. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.

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.