Wellington Management Group LLP Purchases Shares of 1,287,546 Hamilton Insurance Group, Ltd. (NYSE:HG)

Wellington Management Group LLP purchased a new position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,287,546 shares of the company’s stock, valued at approximately $19,249,000. Wellington Management Group LLP owned about 1.17% of Hamilton Insurance Group as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at approximately $477,000. Teacher Retirement System of Texas bought a new position in shares of Hamilton Insurance Group during the fourth quarter valued at $1,495,000. Seven Grand Managers LLC acquired a new stake in shares of Hamilton Insurance Group in the 4th quarter valued at $1,121,000. Oxford Asset Management LLP acquired a new stake in shares of Hamilton Insurance Group during the 4th quarter worth about $199,000. Finally, Weiss Asset Management LP acquired a new position in Hamilton Insurance Group in the fourth quarter valued at about $748,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HG has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of Hamilton Insurance Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. JMP Securities boosted their price objective on Hamilton Insurance Group from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 9th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.00 target price (up from $20.00) on shares of Hamilton Insurance Group in a research note on Thursday, May 16th. Finally, Wells Fargo & Company upped their price target on shares of Hamilton Insurance Group from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $20.00.

Insider Activity at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 22,000 shares of Hamilton Insurance Group stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $16.70, for a total transaction of $367,400.00. Following the completion of the sale, the chief accounting officer now owns 18,957 shares of the company’s stock, valued at approximately $316,581.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Brian John Deegan sold 22,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $16.70, for a total value of $367,400.00. Following the completion of the sale, the chief accounting officer now directly owns 18,957 shares of the company’s stock, valued at approximately $316,581.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Neil Patterson acquired 21,135 shares of Hamilton Insurance Group stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average cost of $16.66 per share, for a total transaction of $352,109.10. Following the purchase, the director now directly owns 21,135 shares in the company, valued at $352,109.10. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by company insiders.

Hamilton Insurance Group Trading Up 0.3 %

Shares of HG opened at $15.87 on Wednesday. The stock’s fifty day simple moving average is $15.80 and its 200-day simple moving average is $14.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.76 billion and a PE ratio of 4.82. Hamilton Insurance Group, Ltd. has a 12-month low of $12.44 and a 12-month high of $17.76.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, May 8th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.30. Hamilton Insurance Group had a net margin of 19.11% and a return on equity of 18.53%. The company had revenue of $658.65 million for the quarter, compared to the consensus estimate of $464.96 million. As a group, research analysts predict that Hamilton Insurance Group, Ltd. will post 3.43 earnings per share 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.