Hamilton Insurance Group, Ltd. (NYSE:HG) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P raised its holdings in shares of Hamilton Insurance Group, Ltd. (NYSE:HG) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,675 shares of the company’s stock after acquiring an additional 6,458 shares during the period. Martingale Asset Management L P’s holdings in Hamilton Insurance Group were worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Federated Hermes Inc. acquired a new position in shares of Hamilton Insurance Group in the 2nd quarter valued at $6,454,000. American Century Companies Inc. lifted its stake in shares of Hamilton Insurance Group by 17.7% in the 2nd quarter. American Century Companies Inc. now owns 2,084,332 shares of the company’s stock valued at $34,704,000 after purchasing an additional 313,417 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Hamilton Insurance Group by 318.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 369,963 shares of the company’s stock valued at $7,155,000 after purchasing an additional 281,549 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Hamilton Insurance Group by 80.3% in the 2nd quarter. Acadian Asset Management LLC now owns 496,981 shares of the company’s stock valued at $8,265,000 after purchasing an additional 221,372 shares during the period. Finally, Vanguard Group Inc. acquired a new position in shares of Hamilton Insurance Group in the 1st quarter valued at $2,545,000. 29.17% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Insurance Group Price Performance

Hamilton Insurance Group stock opened at $19.08 on Monday. Hamilton Insurance Group, Ltd. has a 52-week low of $12.44 and a 52-week high of $20.71. The firm has a market capitalization of $1.93 billion and a price-to-earnings ratio of 4.27. The company has a fifty day simple moving average of $18.42 and a 200-day simple moving average of $17.72. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Hamilton Insurance Group (NYSE:HG) last released its earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $512.84 million during the quarter, compared to analyst estimates of $515.96 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts anticipate that Hamilton Insurance Group, Ltd. will post 4.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on HG shares. Barclays started coverage on shares of Hamilton Insurance Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $26.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Insurance Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, August 14th. JMP Securities boosted their price target on shares of Hamilton Insurance Group from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Thursday, August 8th. Morgan Stanley lowered shares of Hamilton Insurance Group from an “overweight” rating to an “equal weight” rating and set a $19.00 price target for the company. in a report on Monday, August 19th. Finally, Wells Fargo & Company boosted their price target on shares of Hamilton Insurance Group from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Hamilton Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $21.43.

Insider Activity

In other news, CAO Brian John Deegan sold 17,500 shares of the business’s 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 transaction, the chief accounting officer now owns 20,824 shares of the company’s stock, valued at approximately $399,404.32. The trade was a 45.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

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.