Boston Partners Takes $1.16 Million Position in Hamilton Insurance Group, Ltd. (NYSE:HG)

Boston Partners bought a new stake in Hamilton Insurance Group, Ltd. (NYSE:HG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 61,181 shares of the company’s stock, valued at approximately $1,164,000. Boston Partners owned 0.06% of Hamilton Insurance Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Hamilton Insurance Group during the 4th quarter worth approximately $431,000. Swiss National Bank grew its stake in shares of Hamilton Insurance Group by 8.6% during the fourth quarter. Swiss National Bank now owns 54,300 shares of the company’s stock worth $1,033,000 after purchasing an additional 4,300 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Hamilton Insurance Group in the fourth quarter valued at $2,362,000. Charles Schwab Investment Management Inc. raised its stake in Hamilton Insurance Group by 15.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 128,136 shares of the company’s stock valued at $2,438,000 after buying an additional 17,342 shares in the last quarter. Finally, Bellecapital International Ltd. purchased a new stake in Hamilton Insurance Group during the 4th quarter worth about $193,000. 29.17% of the stock is owned by institutional investors and hedge funds.

Hamilton Insurance Group Price Performance

HG stock opened at $20.78 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $2.11 billion, a P/E ratio of 4.65 and a beta of 0.92. The business has a 50 day simple moving average of $19.38 and a 200-day simple moving average of $18.88. Hamilton Insurance Group, Ltd. has a twelve month low of $12.44 and a twelve month high of $21.48.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.44). Hamilton Insurance Group had a net margin of 21.88% and a return on equity of 21.92%. The business had revenue of $543.94 million during the quarter, compared to analysts’ expectations of $460.17 million. As a group, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.1 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on HG shares. Keefe, Bruyette & Woods increased their price objective on Hamilton Insurance Group from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. JMP Securities set a $27.00 price objective on shares of Hamilton Insurance Group in a report on Friday, February 28th. Wells Fargo & Company upped their target price on shares of Hamilton Insurance Group from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Barclays set a $25.00 price target on shares of Hamilton Insurance Group and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One 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, Hamilton Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $23.80.

Insider Buying and Selling

In other news, CEO Adrian Joseph Daws sold 3,785 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $21.00, for a total transaction of $79,485.00. Following the completion of the sale, the chief executive officer now owns 199,923 shares in the company, valued at $4,198,383. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 15,000 shares of company stock valued at $311,566 over the last quarter. 2.70% of the stock is currently owned by insiders.

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.