State Street Corp Increases Stock Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

State Street Corp lifted its stake in Hamilton Insurance Group, Ltd. (NYSE:HG) by 133.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 532,632 shares of the company’s stock after acquiring an additional 304,371 shares during the quarter. State Street Corp’s holdings in Hamilton Insurance Group were worth $10,301,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hamilton Insurance Group by 176.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 110,794 shares of the company’s stock worth $2,143,000 after purchasing an additional 70,732 shares during the last quarter. American Century Companies Inc. grew 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 worth $34,704,000 after acquiring an additional 313,417 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in Hamilton Insurance Group in the 2nd quarter worth approximately $486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hamilton Insurance Group by 138.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,171 shares of the company’s stock valued at $758,000 after acquiring an additional 22,713 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Hamilton Insurance Group by 527.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 80,375 shares of the company’s stock worth $1,554,000 after purchasing an additional 67,560 shares in the last quarter. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Trading Up 0.1 %

Hamilton Insurance Group stock opened at $18.96 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a 50-day moving average of $18.50 and a 200-day moving average of $17.96. The company has a market cap of $1.92 billion and a price-to-earnings ratio of 4.24. Hamilton Insurance Group, Ltd. has a one year low of $12.44 and a one year high of $20.71.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The firm had revenue of $512.84 million during the quarter, compared to the consensus estimate of $515.96 million. During the same period last year, the company earned $0.41 earnings per share. On average, equities analysts expect that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the sale, the chief accounting officer now owns 20,824 shares in the company, valued at $399,404.32. This represents a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on HG. Wells Fargo & Company boosted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Barclays started 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 target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.60.

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.