Seizert Capital Partners LLC Takes $2.11 Million Position in Hamilton Insurance Group, Ltd. $HG

Seizert Capital Partners LLC purchased a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) in the third quarter, Holdings Channel reports. The firm purchased 84,921 shares of the company’s stock, valued at approximately $2,106,000.

Other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of Hamilton Insurance Group in the 3rd quarter worth $1,082,000. Joel Isaacson & Co. LLC purchased a new stake in Hamilton Insurance Group in the second quarter worth about $270,000. American Century Companies Inc. increased its position in Hamilton Insurance Group by 15.7% during the 2nd quarter. American Century Companies Inc. now owns 2,214,591 shares of the company’s stock valued at $47,879,000 after purchasing an additional 301,334 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hamilton Insurance Group by 21.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,357,876 shares of the company’s stock valued at $29,357,000 after purchasing an additional 235,935 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of Hamilton Insurance Group by 39.7% during the second quarter. Jupiter Asset Management Ltd. now owns 224,598 shares of the company’s stock valued at $4,856,000 after purchasing an additional 63,830 shares in the last quarter. 29.17% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Insurance Group Trading Up 1.9%

Shares of NYSE:HG opened at $26.87 on Tuesday. The business’s 50-day moving average is $27.11 and its 200 day moving average is $24.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.66. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $28.72. The firm has a market capitalization of $2.64 billion, a P/E ratio of 6.26 and a beta of 0.69.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.61. The business had revenue of $667.65 million for the quarter, compared to analyst estimates of $537.70 million. Hamilton Insurance Group had a return on equity of 15.07% and a net margin of 15.95%. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HG has been the subject of a number of recent research reports. Wall Street Zen raised shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research report on Wednesday, October 8th. BMO Capital Markets restated a “market perform” rating and set a $26.00 price objective on shares of Hamilton Insurance Group in a research note on Tuesday, December 23rd. Barclays lifted their target price on Hamilton Insurance Group from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Finally, JMP Securities set a $32.00 price target on shares of Hamilton Insurance Group in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Hamilton Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.88.

Insider Activity at Hamilton Insurance Group

In other news, CEO Alexander James Baker sold 18,350 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $26.19, for a total transaction of $480,586.50. Following the sale, the chief executive officer directly owned 84,136 shares of the company’s stock, valued at $2,203,521.84. The trade was a 17.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.