Allspring Global Investments Holdings LLC Has $1.55 Million Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Allspring Global Investments Holdings LLC grew its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 527.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 80,375 shares of the company’s stock after acquiring an additional 67,560 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of Hamilton Insurance Group worth $1,554,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in Hamilton Insurance Group by 17.7% in the second quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after buying an additional 313,417 shares during the period. Acadian Asset Management LLC lifted its position in shares of Hamilton Insurance Group by 80.3% during the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock valued at $8,265,000 after acquiring an additional 221,372 shares during the period. Federated Hermes Inc. bought a new position in Hamilton Insurance Group during the second quarter worth $6,454,000. Renaissance Technologies LLC grew its holdings in Hamilton Insurance Group by 40.7% in the second quarter. Renaissance Technologies LLC now owns 357,800 shares of the company’s stock worth $5,957,000 after purchasing an additional 103,426 shares during the period. Finally, Sei Investments Co. increased its stake in Hamilton Insurance Group by 22.8% in the second quarter. Sei Investments Co. now owns 250,725 shares of the company’s stock valued at $4,175,000 after purchasing an additional 46,540 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on HG shares. Keefe, Bruyette & Woods increased their price target on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Barclays started coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target for the company. Morgan Stanley downgraded shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock. in a report on Monday, August 19th. Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, JMP Securities upped their target price on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.43.

Hamilton Insurance Group Stock Up 1.6 %

Shares of Hamilton Insurance Group stock opened at $17.65 on Thursday. The company’s 50 day moving average price is $18.70 and its 200-day moving average price is $17.10. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $20.71. 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 market capitalization of $1.80 billion and a price-to-earnings ratio of 4.26.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, August 7th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.29. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. The firm had revenue of $587.94 million for the quarter, compared to analysts’ expectations of $502.37 million. Equities research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.12 EPS for the current year.

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.