Allspring Global Investments Holdings LLC Acquires 67,560 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

Allspring Global Investments Holdings LLC grew its holdings in Hamilton Insurance Group, Ltd. (NYSE:HG) by 527.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 80,375 shares of the company’s stock after acquiring an additional 67,560 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hamilton Insurance Group were worth $1,554,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in Hamilton Insurance Group during the 2nd quarter valued at approximately $6,454,000. American Century Companies Inc. grew its holdings in shares of Hamilton Insurance Group by 17.7% in the second 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 stake in Hamilton Insurance Group in the first quarter worth $3,831,000. Vanguard Group Inc. bought a new stake in Hamilton Insurance Group in the first quarter worth $2,545,000. Finally, BNP Paribas Financial Markets bought a new position in Hamilton Insurance Group during the first quarter valued at $1,473,000. Institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HG shares. Barclays began coverage on shares of Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on Hamilton Insurance Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Morgan Stanley downgraded Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 target price on the stock. in a research report on Monday, August 19th. JMP Securities increased their price target on Hamilton Insurance Group from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Hamilton Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $21.43.

Hamilton Insurance Group Stock Up 1.6 %

HG opened at $17.65 on Thursday. The company has a fifty day moving average of $18.70 and a two-hundred day moving average of $17.10. The stock has a market capitalization of $1.80 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 quick ratio of 0.81 and a current ratio of 0.81.

Hamilton Insurance Group (NYSE:HG) last posted 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 net margin of 21.45% and a return on equity of 21.77%. On average, research analysts expect that Hamilton Insurance Group, Ltd. will post 4.12 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.