American Century Companies Inc. Increases Stake in Hamilton Insurance Group, Ltd. (NYSE:HG)

American Century Companies Inc. grew its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 17.7% during the 2nd quarter, Holdings Channel reports. The fund owned 2,084,332 shares of the company’s stock after buying an additional 313,417 shares during the quarter. American Century Companies Inc.’s holdings in Hamilton Insurance Group were worth $34,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in Hamilton Insurance Group in the 4th quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Hamilton Insurance Group in the second quarter valued at approximately $34,000. American International Group Inc. acquired a new position in Hamilton Insurance Group during the first quarter worth $115,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Hamilton Insurance Group in the second quarter worth $156,000. Finally, Fifth Lane Capital LP acquired a new stake in Hamilton Insurance Group in the first quarter valued at $151,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Morgan Stanley cut shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price for the company. in a report on Monday, August 19th. JMP Securities lifted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a research report on Thursday, August 8th. Barclays initiated coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hamilton Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.

Hamilton Insurance Group Price Performance

HG stock opened at $18.21 on Wednesday. The stock’s 50 day moving average price is $17.93 and its 200 day moving average price is $16.03. The firm has a market cap of $2.02 billion and a P/E ratio of 5.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. Hamilton Insurance Group, Ltd. has a 1 year low of $12.44 and a 1 year high of $20.06.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.29. The business had revenue of $587.94 million for the quarter, compared to the consensus estimate of $502.37 million. Hamilton Insurance Group had a return on equity of 21.77% and a net margin of 21.45%. On average, sell-side analysts expect that Hamilton Insurance Group, Ltd. will post 4.21 earnings per share for the current fiscal year.

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.