JPMorgan Chase & Co. Acquires 727,242 Shares of Hamilton Insurance Group, Ltd. (NYSE:HG)

JPMorgan Chase & Co. grew its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 538.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 862,314 shares of the company’s stock after buying an additional 727,242 shares during the period. JPMorgan Chase & Co.’s holdings in Hamilton Insurance Group were worth $16,677,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in shares of Hamilton Insurance Group by 90.0% during the 3rd quarter. Franklin Resources Inc. now owns 99,190 shares of the company’s stock valued at $1,845,000 after acquiring an additional 46,978 shares during the period. Barclays PLC raised its holdings in shares of Hamilton Insurance Group by 845.0% during the third quarter. Barclays PLC now owns 57,663 shares of the company’s stock valued at $1,114,000 after purchasing an additional 51,561 shares during the period. Toronto Dominion Bank bought a new position in shares of Hamilton Insurance Group during the 3rd quarter worth about $97,000. Geode Capital Management LLC grew its stake in shares of Hamilton Insurance Group by 136.5% in the 3rd quarter. Geode Capital Management LLC now owns 475,553 shares of the company’s stock valued at $9,197,000 after buying an additional 274,483 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Hamilton Insurance Group in the 3rd quarter valued at about $525,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Insider Activity

In other news, CAO Brian John Deegan sold 17,500 shares of Hamilton Insurance Group stock in a transaction 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 sale, the chief accounting officer now directly owns 20,824 shares in the company, valued at $399,404.32. The trade was a 45.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Hamilton Insurance Group Stock Performance

Shares of HG opened at $18.67 on Friday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 4.18 and a beta of 1.03. Hamilton Insurance Group, Ltd. has a 52 week low of $12.44 and a 52 week high of $20.71. The stock has a 50 day moving average price of $18.73 and a two-hundred day moving average price of $18.16. 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 (NYSE:HG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Hamilton Insurance Group had a return on equity of 21.92% and a net margin of 21.88%. The business had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. During the same period in the prior year, the firm posted $0.41 EPS. Equities analysts forecast that Hamilton Insurance Group, Ltd. will post 4.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on Hamilton Insurance Group from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Barclays reduced their price target on shares of Hamilton Insurance Group from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.20.

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.