Geode Capital Management LLC Buys 274,483 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Geode Capital Management LLC raised its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 136.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 475,553 shares of the company’s stock after purchasing an additional 274,483 shares during the period. Geode Capital Management LLC’s holdings in Hamilton Insurance Group were worth $9,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HG. Quarry LP boosted its holdings in Hamilton Insurance Group by 448.5% during the third quarter. Quarry LP now owns 1,640 shares of the company’s stock worth $32,000 after purchasing an additional 1,341 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Hamilton Insurance Group during the 3rd quarter worth about $34,000. US Bancorp DE bought a new position in shares of Hamilton Insurance Group in the 3rd quarter valued at about $107,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hamilton Insurance Group in the second quarter valued at about $156,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Hamilton Insurance Group in the 3rd quarter valued at approximately $197,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Hamilton Insurance Group Stock Up 0.7 %

HG stock opened at $19.03 on Thursday. The business’s fifty day moving average price is $18.55 and its two-hundred day moving average price is $18.04. The stock has a market capitalization of $1.93 billion and a price-to-earnings ratio of 4.26. Hamilton Insurance Group, Ltd. has a fifty-two week low of $12.44 and a fifty-two week high of $20.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77.

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

Analyst Ratings Changes

HG has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Barclays initiated coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and a consensus target price of $22.60.

Insider Transactions at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $19.18, for a total value of $335,650.00. Following the transaction, the chief accounting officer now owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

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.