UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $758,000 Stock Holdings in Hamilton Insurance Group, Ltd. (NYSE:HG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 138.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,171 shares of the company’s stock after acquiring an additional 22,713 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hamilton Insurance Group were worth $758,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. acquired a new position in shares of Hamilton Insurance Group in the second quarter valued at $6,454,000. American Century Companies Inc. increased its holdings in 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 buying an additional 313,417 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Hamilton Insurance Group by 318.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 369,963 shares of the company’s stock valued at $7,155,000 after buying an additional 281,549 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Hamilton Insurance Group by 80.3% during the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock worth $8,265,000 after acquiring an additional 221,372 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Hamilton Insurance Group by 40.7% during the 2nd quarter. Renaissance Technologies LLC now owns 357,800 shares of the company’s stock valued at $5,957,000 after acquiring an additional 103,426 shares in the last quarter. Institutional investors own 29.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays began coverage on Hamilton Insurance Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hamilton Insurance Group has an average rating of “Moderate Buy” and an average price target of $22.60.

Hamilton Insurance Group Trading Up 3.2 %

Shares of HG stock opened at $18.96 on Friday. The company has a market capitalization 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 company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $18.46 and a 200 day moving average price of $17.91.

Hamilton Insurance Group (NYSE:HG) last posted its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company posted $0.41 earnings per share. Research analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In related news, CAO Brian John Deegan sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $19.18, for a total value of $335,650.00. Following the completion of the sale, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at $399,404.32. This trade represents a 45.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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.