89,588 Shares in Hamilton Insurance Group, Ltd. $HG Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 89,588 shares of the company’s stock, valued at approximately $2,222,000.

Several other institutional investors and hedge funds also recently modified their holdings of HG. Federated Hermes Inc. increased its stake in shares of Hamilton Insurance Group by 30.5% during the 3rd quarter. Federated Hermes Inc. now owns 587,951 shares of the company’s stock worth $14,581,000 after purchasing an additional 137,501 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Hamilton Insurance Group by 7.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 29,426 shares of the company’s stock valued at $730,000 after buying an additional 1,933 shares during the last quarter. Strs Ohio increased its position in Hamilton Insurance Group by 446.3% during the third quarter. Strs Ohio now owns 29,500 shares of the company’s stock worth $732,000 after buying an additional 24,100 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of Hamilton Insurance Group by 10.1% in the third quarter. Joel Isaacson & Co. LLC now owns 13,746 shares of the company’s stock valued at $341,000 after acquiring an additional 1,263 shares in the last quarter. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Hamilton Insurance Group during the third quarter valued at $2,106,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Performance

NYSE:HG opened at $27.80 on Friday. The company has a market cap of $2.73 billion, a P/E ratio of 6.62 and a beta of 0.69. The firm’s 50 day moving average is $27.31 and its two-hundred day moving average is $25.06. Hamilton Insurance Group, Ltd. has a fifty-two week low of $16.80 and a fifty-two week high of $28.72. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.05.

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

Insider Activity at Hamilton Insurance Group

In other news, CEO Alexander James Baker sold 18,350 shares of Hamilton Insurance Group stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $26.19, for a total value of $480,586.50. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 17.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HG. Morgan Stanley set a $28.00 target price on shares of Hamilton Insurance Group in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Insurance Group from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $26.00 price target on shares of Hamilton Insurance Group in a report on Tuesday, December 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hamilton Insurance Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.88.

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.