Hamilton Insurance Group, Ltd. $HG Position Lifted by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Hamilton Insurance Group, Ltd. (NYSE:HG) by 36.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 76,650 shares of the company’s stock after purchasing an additional 20,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Hamilton Insurance Group were worth $2,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Hamilton Insurance Group by 39.4% during the 2nd quarter. Wellington Management Group LLP now owns 5,777,654 shares of the company’s stock worth $196,094,000 after purchasing an additional 1,633,397 shares during the period. Donald Smith & CO. Inc. bought a new position in Hamilton Insurance Group during the 2nd quarter valued at about $29,884,000. Dimensional Fund Advisors LP raised its position in Hamilton Insurance Group by 32.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,351,511 shares of the company’s stock worth $40,312,000 after purchasing an additional 332,405 shares during the period. Sei Investments Co. raised its position in Hamilton Insurance Group by 72.9% in the 1st quarter. Sei Investments Co. now owns 380,717 shares of the company’s stock worth $11,357,000 after purchasing an additional 160,575 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Hamilton Insurance Group by 10.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,497,124 shares of the company’s stock worth $44,659,000 after purchasing an additional 140,474 shares during the period. Hedge funds and other institutional investors own 29.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Insurance Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Barclays upped their target price on Hamilton Insurance Group from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded Hamilton Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley reduced their price target on Hamilton Insurance Group from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Finally, Zacks Research raised Hamilton Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.38.

Insider Activity

In other Hamilton Insurance Group news, Director David Brown sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $36.12, for a total value of $1,806,000.00. Following the transaction, the director directly owned 400,000 shares in the company, valued at $14,448,000. This represents a 11.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy Duffin sold 28,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $34.53, for a total transaction of $984,105.00. Following the transaction, the insider directly owned 223,459 shares in the company, valued at approximately $7,716,039.27. This trade represents a 11.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.02% of the stock is owned by insiders.

Hamilton Insurance Group Stock Up 0.3%

Shares of HG opened at $36.37 on Wednesday. The firm has a market capitalization of $3.59 billion, a P/E ratio of 5.47 and a beta of 0.33. Hamilton Insurance Group, Ltd. has a 12-month low of $22.66 and a 12-month high of $37.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $34.93 and a 200-day moving average price of $32.39.

Hamilton Insurance Group (NYSE:HG) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $0.91 by $0.87. Hamilton Insurance Group had a net margin of 16.83% and a return on equity of 24.05%. The company had revenue of $828.04 million for the quarter, compared to the consensus estimate of $693.46 million. Equities research analysts expect that Hamilton Insurance Group, Ltd. will post 4.90 earnings per share for the current year.

Hamilton Insurance Group Profile

Hamilton Insurance Group, Ltd. (NYSE: HG) is a Bermuda-based specialty insurance and reinsurance company. Through its operating subsidiaries, the company provides underwriting capacity for commercial and specialty risks, serving businesses, insurers and other clients in selected global markets.

Hamilton’s offerings include property and casualty insurance, specialty lines and reinsurance. Its business is conducted through platforms in Bermuda, the United States and the United Kingdom, with products and coverage tailored to complex or niche risks that may require specialized underwriting expertise.

Founded in 2013, Hamilton has developed a multinational operating platform that combines insurance and reinsurance capabilities.