State Street Corp Boosts Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

State Street Corp increased its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 133.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 532,632 shares of the company’s stock after purchasing an additional 304,371 shares during the quarter. State Street Corp owned 0.52% of Hamilton Insurance Group worth $10,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HG. Quarry LP increased its position in shares of Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Hamilton Insurance Group during the 3rd quarter worth $34,000. US Bancorp DE purchased a new stake in shares of Hamilton Insurance Group during the third quarter worth $107,000. Martingale Asset Management L P raised its position in shares of Hamilton Insurance Group by 8.9% in the third quarter. Martingale Asset Management L P now owns 78,675 shares of the company’s stock valued at $1,522,000 after buying an additional 6,458 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Hamilton Insurance Group by 52.0% in the second quarter. Rhumbline Advisers now owns 25,068 shares of the company’s stock worth $417,000 after buying an additional 8,572 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Price Performance

Shares of HG stock opened at $18.96 on Friday. The firm’s 50-day moving average is $18.50 and its two-hundred day moving average is $17.96. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $20.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $1.92 billion and a PE ratio of 4.24.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $512.84 million for the quarter, compared to analyst estimates of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same quarter in the previous year, the company earned $0.41 EPS. Analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HG. Wells Fargo & Company upped their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays began coverage on 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.60.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.

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.