HighTower Advisors LLC Takes Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

HighTower Advisors LLC bought a new position in Hamilton Insurance Group, Ltd. (NYSE:HG) during the third quarter, HoldingsChannel reports. The firm bought 19,700 shares of the company’s stock, valued at approximately $380,000.

Several other hedge funds have also bought and sold shares of HG. Financial Management Professionals Inc. purchased a new stake in shares of Hamilton Insurance Group in the third quarter worth approximately $34,000. US Bancorp DE purchased a new stake in Hamilton Insurance Group in the 3rd quarter valued at $107,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Hamilton Insurance Group in the 2nd quarter valued at $156,000. Landscape Capital Management L.L.C. bought a new position in Hamilton Insurance Group during the 3rd quarter valued at $197,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Hamilton Insurance Group during the 2nd quarter worth $213,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Analysts Set New Price Targets

HG has been the topic of a number of recent analyst reports. Barclays started coverage on shares of Hamilton Insurance Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $26.00 price target on the stock. Wells Fargo & Company boosted 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Insiders Place Their Bets

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 17,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $19.18, for a total transaction of $335,650.00. Following the completion of the transaction, the chief accounting officer now owns 20,824 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.

Hamilton Insurance Group Stock Performance

NYSE HG opened at $19.17 on Monday. The company has a market capitalization of $1.94 billion and a PE ratio of 4.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $20.71. The company has a 50-day simple moving average of $18.48 and a 200 day simple moving average of $17.93.

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

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.