Empowered Funds LLC Has $13.62 Million Holdings in Hamilton Insurance Group, Ltd. $HG

Empowered Funds LLC raised its position in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 10.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 456,436 shares of the company’s stock after buying an additional 44,690 shares during the period. Empowered Funds LLC’s holdings in Hamilton Insurance Group were worth $13,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of Hamilton Insurance Group in the fourth quarter worth approximately $25,000. Harbor Capital Advisors Inc. raised its holdings in shares of Hamilton Insurance Group by 112.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,773 shares of the company’s stock valued at $49,000 after acquiring an additional 937 shares during the period. KBC Group NV purchased a new stake in shares of Hamilton Insurance Group in the 1st quarter valued at approximately $65,000. Royal Bank of Canada lifted its position in shares of Hamilton Insurance Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 3,012 shares of the company’s stock valued at $84,000 after acquiring an additional 410 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Hamilton Insurance Group by 20.0% in the 1st quarter. Parallel Advisors LLC now owns 4,402 shares of the company’s stock worth $131,000 after purchasing an additional 735 shares during the period. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Stock Performance

HG stock opened at $36.47 on Thursday. The firm has a 50 day simple moving average of $32.82 and a 200 day simple moving average of $30.90. Hamilton Insurance Group, Ltd. has a 52 week low of $21.00 and a 52 week high of $37.31. The stock has a market cap of $3.62 billion, a P/E ratio of 5.97 and a beta of 0.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65.

Hamilton Insurance Group (NYSE:HG) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.56. Hamilton Insurance Group had a net margin of 21.73% and a return on equity of 23.19%. The firm had revenue of $758.91 million for the quarter, compared to analyst estimates of $933.90 million. Research analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Hamilton Insurance Group

In other Hamilton Insurance Group news, CAO Brian John Deegan sold 11,000 shares of Hamilton Insurance Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.69, for a total transaction of $337,590.00. Following the completion of the sale, the chief accounting officer owned 71,347 shares of the company’s stock, valued at $2,189,639.43. This trade represents a 13.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Brown sold 37,300 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $32.16, for a total transaction of $1,199,568.00. Following the transaction, the director owned 450,000 shares in the company, valued at approximately $14,472,000. This represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 70,105 shares of company stock valued at $2,220,158 in the last quarter. Company insiders own 3.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on HG shares. Citigroup reiterated an “outperform” rating on shares of Hamilton Insurance Group in a research report on Friday, July 10th. Morgan Stanley increased their target price on Hamilton Insurance Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods raised their target price on Hamilton Insurance Group from $34.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Wells Fargo & Company lifted their price target on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Finally, UBS Group set a $33.00 price target on Hamilton Insurance Group in a research report on Thursday, May 21st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Hamilton Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $35.38.

Hamilton Insurance Group Profile

Hamilton Insurance Group Ltd. is a Bermuda-based insurance and reinsurance holding company that trades on the New York Stock Exchange under the symbol HG. The company focuses on specialty lines of property and casualty insurance and reinsurance, providing tailored solutions to clients around the world. Its underwriting platform is designed to address complex and niche risks across multiple industry sectors.

Established in 2016 and completing its initial public offering in 2017, Hamilton has concentrated on building a diversified portfolio of insurance and reinsurance products.