Sei Investments Co. Has $4.18 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Sei Investments Co. raised its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 22.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,725 shares of the company’s stock after acquiring an additional 46,540 shares during the period. Sei Investments Co. owned approximately 0.23% of Hamilton Insurance Group worth $4,175,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of Hamilton Insurance Group during the 4th quarter worth approximately $19,249,000. Federated Hermes Inc. acquired a new stake in shares of Hamilton Insurance Group in the 2nd quarter valued at $6,454,000. American Century Companies Inc. boosted its holdings in shares of Hamilton Insurance Group by 17.7% in the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after purchasing an additional 313,417 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Hamilton Insurance Group in the 1st quarter valued at $3,831,000. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Hamilton Insurance Group during the 4th quarter worth $3,738,000. 29.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HG. Morgan Stanley lowered Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock. in a research note on Monday, August 19th. Wells Fargo & Company lifted 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. Barclays began coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. Finally, JMP Securities upped their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.29.

Hamilton Insurance Group Trading Up 0.4 %

HG opened at $18.80 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $20.71. The company’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $16.40. The firm has a market capitalization of $2.09 billion and a price-to-earnings ratio of 5.71.

Hamilton Insurance Group (NYSE:HG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.29. The company had revenue of $587.94 million for the quarter, compared to analysts’ expectations of $502.37 million. Hamilton Insurance Group had a net margin of 21.45% and a return on equity of 21.77%. As a group, research analysts predict that Hamilton Insurance Group, Ltd. will post 4.21 earnings per share for the current year.

Hamilton Insurance Group Company 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.