Federated Hermes Inc. Increases Stock Position in Hamilton Insurance Group, Ltd. $HG

Federated Hermes Inc. boosted its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 587,951 shares of the company’s stock after purchasing an additional 137,501 shares during the period. Federated Hermes Inc.’s holdings in Hamilton Insurance Group were worth $14,581,000 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. Versant Capital Management Inc boosted its position in Hamilton Insurance Group by 1,404.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,700 shares of the company’s stock valued at $42,000 after buying an additional 1,587 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Hamilton Insurance Group in the third quarter worth about $71,000. CWM LLC boosted its holdings in Hamilton Insurance Group by 167.7% in the second quarter. CWM LLC now owns 4,545 shares of the company’s stock valued at $98,000 after purchasing an additional 2,847 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Hamilton Insurance Group by 14.6% in the second quarter. Ameritas Investment Partners Inc. now owns 4,595 shares of the company’s stock valued at $99,000 after purchasing an additional 585 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Hamilton Insurance Group during the 1st quarter valued at approximately $112,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Insider Buying and Selling

In other Hamilton Insurance Group news, CEO Alexander James Baker sold 18,350 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $26.19, for a total value of $480,586.50. Following the sale, the chief executive officer owned 84,136 shares in the company, valued at approximately $2,203,521.84. This trade represents a 17.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 17.46% of the company’s stock.

Hamilton Insurance Group Stock Performance

HG stock opened at $27.80 on Friday. Hamilton Insurance Group, Ltd. has a 1 year low of $16.80 and a 1 year high of $28.72. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 6.62 and a beta of 0.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s fifty day moving average is $27.31 and its two-hundred day moving average is $25.06.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data 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 analysts’ expectations of $537.70 million. Hamilton Insurance Group had a net margin of 15.95% and a return on equity of 15.07%. On average, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HG shares. Citizens Jmp upped their target price on Hamilton Insurance Group from $31.00 to $32.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. JMP Securities set a $32.00 price target on shares of Hamilton Insurance Group in a report on Wednesday, November 5th. Morgan Stanley set a $28.00 price objective on shares of Hamilton Insurance Group in a research note on Tuesday, December 16th. Wall Street Zen raised shares of Hamilton Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Zacks Research upgraded shares of Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One 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 stock. Based on data from MarketBeat, Hamilton Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target 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.