Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 318.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,963 shares of the company’s stock after purchasing an additional 281,549 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hamilton Insurance Group were worth $7,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. purchased a new position in Hamilton Insurance Group in the 2nd quarter worth $6,454,000. American Century Companies Inc. raised its stake 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 worth $34,704,000 after purchasing an additional 313,417 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Hamilton Insurance Group by 80.3% during the second quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock worth $8,265,000 after purchasing an additional 221,372 shares during the period. Vanguard Group Inc. purchased a new stake in Hamilton Insurance Group in the first quarter valued at approximately $2,545,000. Finally, Renaissance Technologies LLC increased its holdings in Hamilton Insurance Group by 40.7% in the 2nd quarter. Renaissance Technologies LLC now owns 357,800 shares of the company’s stock worth $5,957,000 after buying an additional 103,426 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Down 0.6 %

Shares of HG opened at $18.97 on Tuesday. The firm has a market cap of $1.92 billion and a P/E ratio of 4.24. Hamilton Insurance Group, Ltd. has a 12 month low of $12.44 and a 12 month high of $20.71. The stock’s 50 day moving average is $18.43 and its two-hundred day moving average is $17.73. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $512.84 million during the quarter, compared to analysts’ expectations of $515.96 million. Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. During the same period in the prior year, the business posted $0.41 earnings per share. Analysts predict that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on HG shares. Wells Fargo & Company upped their price objective on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted 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. Barclays began coverage on Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price on the stock. JMP Securities lifted their price target on 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. Finally, 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 report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.43.

Insider Buying and Selling

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the business’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 transaction of $335,650.00. Following the completion of the sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

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.